In a recent transaction, Institutional Venture Partners XIII, L.P., a ten percent owner in Inspirato Inc (NASDAQ:ISPO), sold shares in the company. The transaction, which took place on April 3, 2024, involved the sale of 200 shares of Class A Common Stock at a price of $4.00 per share, totaling $800.
This sale is part of the latest filings with the U.S. Securities and Exchange Commission. The shares are held of record by Institutional Venture Partners XIII, L.P. ("IVP XIII"). The managing directors of Institutional Venture Management XIII, LLC ("IVM XIII"), the general partner of IVP XIII, including Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr., may be deemed to have shared voting and dispositive power with respect to the securities held by IVP XIII. However, each of them disclaims beneficial ownership of the securities reported herein, except to the extent of their respective pecuniary interest.
Following the transaction, the ownership stake of Institutional Venture Partners XIII, L.P. in Inspirato Inc has been adjusted to 441,866 shares of Class A Common Stock. The sale was executed directly, with no intermediaries or equity swaps involved.
Inspirato Inc, based in Denver, Colorado, is listed under the blank checks industrial classification. The company has recently been involved in the real estate and construction sector.
Investors and market watchers often pay close attention to the buying and selling activities of company insiders and large shareholders, as these can provide insights into the company's performance and stock valuation.
InvestingPro Insights
In light of the recent transaction by Institutional Venture Partners XIII, L.P. in Inspirato Inc (NASDAQ:ISPO), several metrics from InvestingPro provide a broader context on the company's financial health and market performance. With a market cap of just $25.63 million, Inspirato Inc is a smaller player in the market, which can sometimes lead to higher volatility in its stock price. The company's price to earnings (P/E) ratio stands at -0.79 when adjusted for the last twelve months as of Q4 2023, indicating that the company is not currently profitable. Additionally, the revenue growth was negative at -4.76% for the same period, suggesting a contraction in the company's business operations.
Among the InvestingPro Tips, it's important to note that Inspirato Inc is operating with a significant debt burden and may have trouble making interest payments on its debt. This is particularly concerning given that the company is quickly burning through cash and analysts do not anticipate profitability this year. Moreover, the stock price has fallen significantly over the last year, with a 1 Year Price Total Return of -76.69% as of the latest data, which could reflect investor sentiment about the company's prospects.
For investors considering a deeper analysis of Inspirato Inc, there are additional InvestingPro Tips available that may further inform their decision. In fact, there are 14 more tips listed on InvestingPro that could provide valuable insights. To access these insights and more, investors can visit https://www.investing.com/pro/ISPO and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, allowing for a comprehensive understanding of the company's financials and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.