NVIDIA (Nasdaq: NVDA) has seen huge insider selling activity recently. Tench Coxe, a long-time director and the company’s third-largest shareholder, sold approximately $235 million worth of Nvidia stock over two days in September 2024.
According to regulatory filings, Coxe executed multiple trades on September 19 and 20, selling a total of 2 million shares at prices ranging from $116.27 to $119.27 per share. The transactions were conducted through a Profit Sharing Plan Trust, indicating that the shares were held in a retirement trust benefiting Coxe.
This substantial sale comes amid a period of increased volatility for NVIDIA’s stock, which has recently underperformed compared to other tech stocks despite the company’s strong position in the AI market. The sell-off by Coxe follows a pattern of insider selling, with CEO Jensen Huang and other executives also offloading shares in recent months.
The insider selling activity has raised questions about Nvidia’s short-term prospects, especially as the company faces potential headwinds. Reports of a US government antitrust investigation, although denied by NVIDIA, have contributed to market uncertainty.
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Despite these concerns, the chipmaker maintains robust financial metrics, boasting a market capitalization of $2.85 trillion and a gross profit of $73.17 billion for the last twelve months as of Q2 2025. The company’s gross profit margin stands at an impressive 76%, highlighting its operational efficiency.
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