NVIDIA (NVDA) Stock — CFO and Director Sell $14M in Two Days

TLDR

• CFO Colette Kress sold $10.9M in NVDA stock on March 20, with prices ranging from $171.97 to $177.51
• Director Aarti Shah sold $3.36M worth of stock on March 19 across three transactions
• NVDA currently trades at $173, down 7.3% year-to-date but up ~47% over the past year
• Kress’s March 18 disposal of 76,535 shares at $181.93 was to cover tax obligations
• Both sales were executed under pre-set Rule 10b5-1 trading plans

NVIDIA’s CFO and a board director offloaded a combined $14.26 million in stock over two days this week, drawing attention from investors tracking insider activity at the chipmaker.

NVIDIA Corporation, NVDA

Colette Kress, EVP and CFO at NVIDIA, sold 68,798 shares on March 20 at prices between $171.97 and $177.51, totaling $10.9 million. Following the sales, she still directly holds 881,387 shares and retains indirect ownership through trusts and an LLC.

Two days earlier, on March 18, Kress disposed of a separate 76,535 shares at $181.93 per share — a transaction totaling roughly $13.9 million — to cover tax obligations tied to equity compensation. That type of sale is routine for executives receiving stock-based pay.

Director Aarti Shah also filed a Form 4 with the SEC, disclosing the sale of 19,000 shares on March 19 across three transactions. The weighted average prices ranged from $176.27 to $177.73, bringing the total to $3.36 million. Shah now directly owns 36,007 shares.

NVDA stock was trading at $173 at the time of the filings, with a market cap of $4.19 trillion.

Pre-Planned Sales

Both transactions were executed under Rule 10b5-1 trading plans — Shah’s was adopted on November 25, 2024. These plans are set up in advance and allow insiders to sell at predetermined times or price levels, separating the decision to sell from access to non-public information.

The stock is currently sitting 7.3% lower year-to-date and well off its 52-week high of $212.19. Despite the recent pullback, NVDA has still delivered a nearly 47% return over the trailing 12 months.

What Analysts Are Saying

Analyst sentiment on the stock remains broadly positive. Wolfe Research has an Outperform rating with a $275 price target, citing CEO comments about a potential path to $1 trillion in revenue by 2027.

Raymond James went further, raising its target to $323 and maintaining a Strong Buy, pointing to strong cumulative GPU sales projections through 2027. Argus also holds a Buy rating with a $220 target, highlighting the new Vera Rubin rack-scale architecture for data centers.

On the valuation front, InvestingPro data puts NVIDIA’s PEG ratio at 0.54 — a level that typically suggests a stock is priced attractively relative to its earnings growth.

In other news touching the Nvidia ecosystem, federal prosecutors in New York unsealed an indictment against Super Micro Computer co-founder Wally Liaw and two others. The charge: conspiring to illegally divert $2.5 billion worth of AI servers — including Nvidia GPUs — to China in violation of U.S. export control rules.

Bernstein SocGen reiterated a Market Perform rating on Super Micro with a $37 price target following that news.

Separately, Qnity Electronics announced a partnership with Nvidia to use its advanced computing technologies in semiconductor and electronics materials research.

NVDA stock closed at $173 on March 20, 2026.

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