In a recent transaction, Michael Feinglass, associated with P10, Inc. (NYSE:PX), sold 50,000 shares of the company's Class A Common Stock. The sale was executed at a weighted average price of $8.068 per share, resulting in a total transaction value of $403,400. The shares were sold in multiple transactions with prices ranging from $8.05 to $8.115.
Following the sale, Feinglass's ownership in P10, Inc. stands at 204,005 shares of Class A Common Stock. This transaction was made public through a Form 4 filing with the Securities and Exchange Commission, dated March 25, 2024.
The Form 4 filing also included a footnote indicating that the reported weighted average sale price was derived from various transactions at different prices. Feinglass, or any other reporting person, will provide a detailed breakdown of the number of shares sold at each price if requested by the SEC staff, the issuer, or a security holder of the issuer.
The filing further clarified Feinglass's association with P10, Inc., suggesting that he may be considered part of a Section 13(d) group that collectively owns more than 10% of the company's outstanding Common Stock. However, the securities reported in this particular filing do not include those held by other members of the group, as those are disclosed in separate filings.
Investors and the market often monitor insider sales as they may provide insights into an insider's perspective on the company's current valuation and future prospects.
InvestingPro Insights
Amid the news of insider sales, it's important to consider the broader financial context of P10, Inc. (NYSE:PX). According to real-time data from InvestingPro, P10, Inc. currently holds a market capitalization of $920.06 million. Despite a challenging period with a significant price decline over the last six months, amounting to a -29.77% total return, analysts have provided some optimism for the company's future. A key InvestingPro Tip suggests that net income is expected to grow this year, which could signal a potential turnaround in the company's profitability.
Analyzing the company's financial health, another InvestingPro Tip points out that P10, Inc.'s liquid assets exceed its short-term obligations, indicating a solid liquidity position. This aspect is particularly relevant given the insider sale, as it may reassure investors about the company's ability to meet its immediate financial commitments.
However, the P/E ratio data paints a more complex picture. The current P/E ratio stands at -120.11, and when adjusted for the last twelve months as of Q4 2023, it deepens to -174.6, reflecting the market's concerns over profitability in the recent past. The InvestingPro platform offers additional insights, with a total of 7 analysts having revised their earnings estimates downwards for the upcoming period, which could be a factor to watch closely.
For those interested in a deeper dive into P10, Inc.'s financials and future projections, InvestingPro provides a comprehensive analysis. Utilize coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further exclusive InvestingPro Tips and metrics that can help inform investment decisions.
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