Inspirato Incorporated (NASDAQ:ISPO) Major Shareholder Institutional Venture Partners Sells 3,934 Shares of Stock

Inspirato Incorporated (NASDAQ:ISPOGet Free Report) major shareholder Institutional Venture Partners sold 3,934 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $4.55, for a total transaction of $17,899.70. Following the completion of the transaction, the insider now directly owns 443,049 shares of the company’s stock, valued at approximately $2,015,872.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Institutional Venture Partners also recently made the following trade(s):

  • On Wednesday, March 13th, Institutional Venture Partners sold 41 shares of Inspirato stock. The stock was sold at an average price of $4.25, for a total transaction of $174.25.
  • On Monday, March 4th, Institutional Venture Partners sold 1,961 shares of Inspirato stock. The shares were sold at an average price of $4.84, for a total value of $9,491.24.
  • On Thursday, February 29th, Institutional Venture Partners sold 4,210 shares of Inspirato stock. The shares were sold at an average price of $5.16, for a total value of $21,723.60.

Inspirato Trading Down 3.3 %

NASDAQ ISPO opened at $4.04 on Friday. The stock has a 50-day moving average of $4.19 and a 200-day moving average of $6.64. Inspirato Incorporated has a 1-year low of $3.15 and a 1-year high of $25.00. The firm has a market cap of $25.86 million, a PE ratio of -0.27 and a beta of -0.05.

Inspirato (NASDAQ:ISPOGet Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($3.20) earnings per share for the quarter, beating the consensus estimate of ($3.97) by $0.77. The company had revenue of $70.71 million during the quarter, compared to the consensus estimate of $69.42 million.

Institutional Investors Weigh In On Inspirato

Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. purchased a new stake in shares of Inspirato in the 1st quarter worth about $270,000. Goldman Sachs Group Inc. purchased a new stake in Inspirato in the first quarter worth about $113,000. Polar Asset Management Partners Inc. bought a new stake in Inspirato during the 1st quarter valued at approximately $1,794,000. JPMorgan Chase & Co. bought a new stake in Inspirato during the 2nd quarter valued at approximately $25,000. Finally, Rhumbline Advisers purchased a new position in shares of Inspirato during the 2nd quarter worth approximately $68,000. Institutional investors own 73.63% of the company’s stock.

Analyst Ratings Changes

ISPO has been the subject of several research reports. Cantor Fitzgerald cut their target price on Inspirato from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. Evercore ISI cut their price objective on shares of Inspirato from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Thursday, March 7th.

View Our Latest Research Report on ISPO

Inspirato Company Profile

(Get Free Report)

Inspirato Incorporated, together with its subsidiaries, operates as a subscription-based luxury travel company. The company provides affluent travelers access to a portfolio of curated luxury vacation homes, and accommodations at luxury hotels and resorts, as well as luxury safaris, cruises, custom-designed (bucket list) itineraries, and other experiences.

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Insider Buying and Selling by Quarter for Inspirato (NASDAQ:ISPO)

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