Executives at P10, Inc. (NASDAQ:PX) recently sold shares valued at approximately $3.94 million, according to a recent filing. The transactions occurred over several days, with shares sold at prices ranging from $11.9246 to $12.0939.
The sales involved multiple reporting owners, including 210 Capital, LLC, Robert H. Alpert, Webb C. Clark, Covenant RHA Partners, L.P., CCW/LAW Holdings, LLC, and RHA Investments, Inc. Each of these entities or individuals is considered a significant stakeholder, with ownership exceeding 10% of P10's common stock.
The transactions were part of a series of non-derivative sales, with the largest single day of trading involving the disposal of 205,641 shares. The sales were executed through a combination of direct and indirect ownership structures.
While the filing indicates the sale of shares, the reporting entities have clarified that they disclaim beneficial ownership of the securities beyond their pecuniary interests. This suggests that the transactions were conducted in line with strategic financial management or portfolio adjustments rather than a fundamental change in investment outlook.
Investors and analysts will be watching closely to see how these transactions might impact P10's stock performance in the coming weeks.
In other recent news, P10 Inc (NYSE:PX) has seen a series of promising developments. The company reported a notable 26% year-over-year revenue increase, surpassing estimates by 11%, and an EBITDA margin of 47.6%, significantly higher than the 40.7% anticipated by analysts. This marks the firm's fourth consecutive quarter of exceeding expectations on both revenue and earnings.
In addition, P10 Inc announced the acquisition of Qualitas Funds, a move set to enhance its European presence and investor base, with the deal expected to close in Q1 2025. This acquisition is part of the company's strategic growth plan, which has already led to $2.9 billion raised and deployed year-to-date, surpassing the full-year target.
Stephens, a financial services firm, raised its price target for P10 Inc to $13 from $12, maintaining an Overweight rating. This adjustment follows the company's strong financial performance and anticipates a positive outlook for P10 Inc, highlighting the addition of $1.4 billion in gross new fee-paying assets under management (AUM).
Lastly, P10 Inc declared a quarterly cash dividend of $0.035 per share and bought back 609,300 shares at an average price of $10.15 in Q3. The company's commitment to operational efficiencies and disciplined capital allocation strategy indicates continued momentum into 2025 and beyond.
InvestingPro Insights
Recent insider sales at P10, Inc. (NASDAQ:PX) have caught investor attention, but a closer look at the company's financials and market performance reveals a more nuanced picture. According to InvestingPro data, P10 has a market capitalization of $1.32 billion and is trading near its 52-week high, with a strong return of 23.11% over the last three months.
Despite the recent insider sales, there are positive indicators for P10's financial health and growth prospects. An InvestingPro Tip highlights that net income is expected to grow this year, which could be a contributing factor to the stock's recent performance. Additionally, the company has raised its dividend for three consecutive years, demonstrating a commitment to shareholder returns.
P10's revenue growth is also noteworthy, with a 25.96% increase in the most recent quarter. This growth, combined with a healthy gross profit margin of 38.81%, suggests that the company's core business remains strong despite the insider transactions.
It's worth noting that P10 is trading at a high earnings multiple, with a P/E ratio of 121.11. However, another InvestingPro Tip indicates that the company is trading at a low P/E ratio relative to near-term earnings growth, which could signal potential undervaluation.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for P10, providing a deeper understanding of the company's financial position and market outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.