In a recent transaction, executives from Inspirato Inc (NASDAQ:ISPO), a luxury travel company, have sold a small number of shares, totaling $168. The shares were sold at a price of $4.00 each.
The sale was conducted by several executives of Institutional Venture Partners XIII, L.P. (IVP XIII), including Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr. These individuals may be deemed to have shared voting and dispositive power with respect to the securities held by IVP XIII, according to a footnote in the filing. However, each of them disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein.
The securities are reported to be held of record by IVP XIII, with Institutional Venture Management XIII, LLC (IVM XIII) acting as the general partner. The managing directors of IVM XIII hold positions that may influence the voting and investment decisions regarding the securities owned by IVP XIII.
The filing indicates that after the sale, the executives still have a significant number of shares in the company, with the ownership following the transaction listed at 442,066 shares.
Inspirato Inc specializes in providing luxury vacation and travel experiences and is known for its subscription-based model that offers exclusive amenities and services to its members. The stock transactions of company executives are closely watched by investors as they can provide insights into the executives' confidence in the company's future performance and prospects.
InvestingPro Insights
Amidst the recent transactions by Inspirato Inc's (NASDAQ:ISPO) executives, it's crucial to consider the company's financial health and market performance for a more comprehensive understanding. According to InvestingPro data, Inspirato Inc has a market capitalization of roughly $25.93 million, indicating a relatively small player within its sector. The company's revenue in the last twelve months as of Q4 2023 stood at $329.1 million, but it's important to note a decline of 4.76% in revenue during this period. This contraction aligns with an InvestingPro Tip that analysts anticipate a sales decline in the current year.
The company's P/E ratio, adjusted for the last twelve months as of Q4 2023, is -0.8, reflecting that the company is not currently profitable. This is further corroborated by another InvestingPro Tip indicating that analysts do not expect the company to be profitable this year. Additionally, the price of Inspirato Inc's shares has fallen significantly over the last year, with a -79.35% return, which may concern investors looking for stock price appreciation.
For those interested in a deeper dive into Inspirato Inc's financials and stock performance, InvestingPro offers a wealth of additional tips and metrics. Currently, there are 14 more InvestingPro Tips available, which could provide valuable insights and aid in making more informed investment decisions. Interested readers can explore these tips by visiting https://www.investing.com/pro/ISPO and can benefit from an extra 10% off a yearly or biyearly Pro and Pro+ subscription with the coupon code PRONEWS24.
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