In a recent transaction, executives of Inspirato Inc (NASDAQ:ISPO), a Denver-based company, have sold shares in the company, according to the latest SEC filings. The transactions involved the sale of 900 shares at an average price of $4.01, totaling approximately $3,609.
The shares were sold in multiple transactions at prices ranging from $4.00 to $4.01. The reporting persons associated with this sale are connected to Institutional Venture Partners XIII, L.P., which is a ten percent owner of the company. The managing directors of Institutional Venture Management XIII, LLC, which is the general partner of Institutional Venture Partners XIII, L.P., include Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr. They may be deemed to have shared voting and dispositive power with respect to the securities held by Institutional Venture Partners XIII, L.P.
Following the sale, the ownership stake of the reporting persons in Inspirato Inc remains substantial, with 442,108 shares still held. The transactions were executed on March 18, 2024, and were reported to the SEC on March 20, 2024.
Inspirato Inc, which operates in the real estate and construction sector, is incorporated in Delaware and has its business headquarters in Denver, Colorado. The company was formerly known as Thayer Ventures Acquisition Corp before changing its name.
Investors often monitor insider transactions as they can provide insights into the executives' confidence in the company's future performance. However, it should be noted that there are various reasons why insiders may sell shares, and such transactions do not always indicate a change in the company's outlook.
InvestingPro Insights
In light of recent insider transactions at Inspirato Inc (NASDAQ:ISPO), investors may be seeking deeper insights into the company's financial health and future prospects. According to real-time data from InvestingPro, Inspirato Inc is grappling with significant financial challenges. The company's market capitalization stands at a modest 24.94 million USD, reflecting investor caution amidst the company's difficulties.
InvestingPro Data reveals that Inspirato Inc has experienced a revenue decline in the last twelve months as of Q4 2023, with a -4.76% change, and a more pronounced quarterly revenue growth dip of -18.37% in Q4 2023. These figures underscore the company's struggle to maintain its top-line growth. Moreover, the company's gross profit margin remains at 28.91%, which, while respectable, may not be sufficient to offset other financial pressures the company faces, such as a significant adjusted operating loss of -53.07 million USD in the same period.
InvestingPro Tips highlight several areas of concern for Inspirato Inc. The company operates with a significant debt burden and may have trouble making interest payments on its debt, which is a critical consideration for investors. Additionally, analysts do not anticipate the company will be profitable this year, and the stock has taken a considerable hit over the last week, with a price total return of -7.88% in the last week alone.
For investors seeking a more comprehensive analysis, there are additional InvestingPro Tips available that could provide further context on Inspirato Inc's financial position and stock performance. These include insights on the company's cash burn rate, short-term obligations versus liquid assets, and stock price movements in relation to market trends. To access these tips and enhance your investment strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at https://www.investing.com/pro/ISPO.
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