In a recent transaction, executives of Inspirato Inc (NASDAQ:ISPO) have sold a total of $828 worth of shares in the company. The sales occurred on April 22nd and 23rd, with shares sold at prices ranging from $4.00 to $4.01, according to a Form 4 filing with the Securities and Exchange Commission.
The filing revealed that a total of 207 shares of Class A Common Stock were disposed of over the two days. The average price per share for these transactions was reported as a weighted average of $4.00. The specific number of shares sold at each price point within the range has not been detailed, but the filing indicates that the information can be provided upon request.
The shares sold are held by Institutional Venture Partners XIII, L.P., and the transactions may be deemed to involve multiple managing directors of Institutional Venture Management XIII, LLC, including Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr., due to their shared voting and dispositive power over the securities. However, each of them disclaims beneficial ownership of the shares, except to the extent of their respective pecuniary interest.
The Form 4 filing provides transparency into the trading activities of company insiders, offering investors a glimpse into their recent stock transactions. For those tracking insider behavior as a component of their investment strategy, such disclosures are valuable for understanding potential shifts in management's view of the company's value and prospects.
InvestingPro Insights
As investors consider the recent insider sales at Inspirato Inc (NASDAQ:ISPO), it's important to contextualize these transactions with broader financial metrics and trends. According to InvestingPro data, Inspirato Inc holds a market capitalization of $26.12 million, which reflects the size of the company in the market. Notably, the company's price-to-earnings (P/E) ratio stands at a negative -0.81 for the last twelve months as of Q4 2023, indicating that the company is not currently profitable.
The revenue for Inspirato Inc has also faced a decline, with a -4.76% change over the last twelve months as of Q4 2023. This contraction aligns with an analyst forecast that anticipates a sales decline in the current year, as noted in one of the InvestingPro Tips. Moreover, the company's gross profit margin is reported at 28.91%, which provides insight into the company's profitability from its core business operations, excluding the costs of goods sold.
InvestingPro Tips also highlight critical challenges facing Inspirato Inc. The company operates with a significant debt burden and may have trouble making interest payments on its debt, which is a crucial consideration for investors. Additionally, the company has been quickly burning through cash, which could impact its ability to sustain operations without seeking additional financing or making strategic adjustments.
For those interested in a deeper analysis, there are 12 additional InvestingPro Tips available, which can offer further insights into Inspirato Inc's financial health and market position. Investors can access these tips by visiting https://www.investing.com/pro/ISPO. To enhance your research, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, adding even more value to your investment strategy.
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