In a recent transaction, Institutional Venture Partners XIII, L.P., a ten percent owner of Inspirato Inc (NASDAQ:ISPO), sold shares of the company's stock. The transaction involved the sale of 41 shares of Class A Common Stock at a price of $4.25 per share, totaling $174.
This sale was disclosed in a regulatory filing with the Securities and Exchange Commission (SEC). According to the filing, the shares are held of record by Institutional Venture Partners XIII, L.P. ("IVP XIII"). The general partner of IVP XIII is Institutional Venture Management XIII, LLC ("IVM XIII"). Managing directors Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr., who hold positions within IVM XIII, may be deemed to have shared voting and dispositive power with respect to the securities held by IVP XIII.
The managing directors have disclaimed beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest. After the transaction, the ownership of Class A Common Stock by IVP XIII stood at 443,008 shares.
The sale occurred on March 13, 2024, and the details were officially filed with the SEC on March 15, 2024. Institutional Venture Partners XIII, L.P. is known to be a significant investor in Inspirato Inc, and such sales are closely watched by investors for insights into insider sentiment and potential shifts in company ownership.
InvestingPro Insights
Amidst the recent sale of Inspirato Inc (NASDAQ:ISPO) shares by Institutional Venture Partners XIII, L.P., it's important for investors to consider the broader financial context of the company. According to real-time data from InvestingPro, Inspirato Inc currently has a market capitalization of approximately $26.45 million. The company's financial performance over the last twelve months, as of Q4 2023, shows a revenue of $329.1 million but with a decline in revenue growth of -4.76%. This contraction in revenue is further accentuated by a quarterly revenue growth drop of -18.37% in Q4 2023, highlighting potential challenges in the company's sales trajectory.
The financial health of Inspirato Inc also raises concerns as reflected in the InvestingPro Data metrics. With a negative adjusted Price/Earnings (P/E) ratio of -0.83, the company's earnings do not currently support the stock price, which can be a warning sign for potential investors. Moreover, the company's gross profit margin stands at 28.91%, but an operating income margin of -16.13% indicates that expenses are outstripping gross profits, leading to operational losses.
InvestingPro Tips suggest that Inspirato Inc operates with a significant debt burden and may have trouble making interest payments on its debt. This is a critical factor for investors to consider, as it could impact the company's financial stability and future growth prospects. Additionally, analysts do not anticipate the company will be profitable this year, which could influence investor sentiment and the stock's performance in the market.
For investors seeking a more comprehensive analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/ISPO. These tips provide deeper insights into the company's financial health and market performance. By using the coupon code PRONEWS24, investors can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, gaining access to valuable investment tools and data.
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