Nvidia (NVDA, Financials) President and CEO Jen-Hsun Huang sold approximately $35.2 million worth of shares in late June and early July, according to a recent filing with the U.S. Securities and Exchange Commission.
The sales, disclosed Monday, were made between June 27 and July 1 at prices ranging from $152.23 to $158.46 per share. The transactions were carried out under a Rule 10b5-1 trading plan adopted on March 20. Huang still directly owns 75,248,225 shares in the company.
Nvidia, which recently reached a $3.74 trillion valuation, remains near its 52-week high.
In addition to his direct holdings, Huang maintains significant indirect ownership through various trusts and investment vehicles. These include over 582 million shares held by the Jen-Hsun & Lori Huang Living Trust and millions more distributed across multiple family-controlled entities.
Meanwhile, Nvidia has made headlines for its expanding AI partnerships. The company’s Isaac platform was highlighted by Cyngn for industrial automation use, while SandboxAQ is leveraging Nvidia hardware for AI-driven drug discovery. Nvidia chips are also powering spacecraft enhancements by Northrop Grumman (NOC, Financials), and xAI’s Elon Musk teased the upcoming release of Grok 4, an AI model expected shortly after July 4.
On Wall Street, Cantor Fitzgerald reiterated an Overweight rating on Nvidia with a $200 price target, citing upward revisions to 2026 earnings estimates. EPS projections have risen 10% year to date, reflecting growing analyst confidence in Nvidia’s AI-driven growth trajectory.
Investors will be watching whether further insider sales or new AI developments impact the stock’s momentum ahead of Nvidia’s next earnings report.
This article first appeared on GuruFocus.