Executives from Institutional Venture Partners XIII, L.P., a significant shareholder of Inspirato Inc (NASDAQ:ISPO), have recently sold a total of $28,659 worth of the company's stock. The sales took place over a series of transactions on April 10th, April 11th, and April 12th, with prices ranging from $4.00 to $4.02 per share.
The transactions involved the sale of Inspirato Inc's Class A Common Stock. On April 10th, a quantity of 117 shares was sold at $4.00 each. The following day, a larger transaction occurred with 6,859 shares being sold at the same price of $4.00 per share. The sales concluded on April 12th with 188 shares being disposed of at a weighted average price of $4.02, as detailed in the footnotes of the report.
The executives involved in these transactions include Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr. They are all managing directors of Institutional Venture Management XIII, LLC, the general partner of Institutional Venture Partners XIII, L.P.
According to the footnotes in the SEC filing, the executives may be deemed to have shared voting and dispositive power with respect to the securities held by Institutional Venture Partners XIII, L.P. However, they disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
The sales were executed in line with the SEC's regulations, and the executives have agreed to provide full information regarding the number of shares sold at each separate price within the specified range upon request.
Investors and market watchers often pay close attention to insider sales as they may provide insights into executives' perspectives on the company's current valuation and future prospects.
InvestingPro Insights
In the wake of recent insider sales at Inspirato Inc (NASDAQ:ISPO), current and potential investors might seek additional context to better understand the company's financial health and market position. According to InvestingPro data, Inspirato Inc has a market capitalization of approximately $25.93 million, indicating a relatively small size within the market. This could be a factor in the stock's price sensitivity and volatility. Additionally, the company's price-to-earnings (P/E) ratio stands at -0.26, with an adjusted P/E ratio for the last twelve months as of Q4 2023 at -0.81, reflecting that the company is not currently profitable.
Revenue figures from the last twelve months as of Q4 2023 show a slight decline of 4.76%, and a more significant quarterly revenue decline of 18.37% in Q1 2023. This contraction aligns with the concerns raised by InvestingPro Tips, which suggest that analysts anticipate a sales decline in the current year. The gross profit margin remains at a healthy 28.91%, yet the company's operating income margin is negative at -16.13%, indicating challenges in converting sales into profit.
InvestingPro Tips highlight several areas of concern for Inspirato Inc. The company operates with a significant debt burden and may have trouble making interest payments on its debt, which is concerning given that short-term obligations exceed liquid assets. Furthermore, analysts do not anticipate the company will be profitable this year, and the stock price has historically moved in the opposite direction of the market. These factors could be contributing to the recent insider sales and are worth considering for investors monitoring the stock.
For those looking for more comprehensive analysis and additional insights, InvestingPro offers a range of tips. There are currently 14 additional InvestingPro Tips available for Inspirato Inc, which can be accessed at: https://www.investing.com/pro/ISPO. Users interested in a deeper dive into the company's financials and projections can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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