Inspirato Incorporated (NASDAQ:ISPO) Major Shareholder Institutional Venture Partners Sells 58,089 Shares

Inspirato Incorporated (NASDAQ:ISPO – Get Rating) major shareholder Institutional Venture Partners sold 58,089 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $0.95, for a total transaction of $55,184.55. Following the transaction, the insider now directly owns 10,553,453 shares of the company’s stock, valued at approximately $10,025,780.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, May 19th, Institutional Venture Partners sold 70,416 shares of Inspirato stock. The shares were sold at an average price of $0.96, for a total transaction of $67,599.36.

Inspirato Trading Down 2.3 %

NASDAQ:ISPO opened at $0.92 on Friday. The company’s 50-day moving average is $0.87 and its two-hundred day moving average is $1.22. Inspirato Incorporated has a 1-year low of $0.69 and a 1-year high of $6.39.

Inspirato (NASDAQ:ISPO – Get Rating) last released its quarterly earnings results on Wednesday, March 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04). The firm had revenue of $86.63 million for the quarter, compared to analyst estimates of $80.29 million. Equities research analysts predict that Inspirato Incorporated will post -0.19 EPS for the current year.

Institutional Investors Weigh In On Inspirato

A number of institutional investors and hedge funds have recently made changes to their positions in ISPO. Jefferies Financial Group Inc. purchased a new stake in shares of Inspirato in the 4th quarter valued at approximately $2,975,000. Vanguard Group Inc. increased its stake in Inspirato by 195.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,637,369 shares of the company’s stock worth $3,864,000 after buying an additional 1,084,106 shares during the period. BlackRock Inc. increased its stake in Inspirato by 58.4% during the 3rd quarter. BlackRock Inc. now owns 1,096,326 shares of the company’s stock worth $2,588,000 after buying an additional 404,355 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in Inspirato during the 1st quarter worth approximately $1,794,000. Finally, State Street Corp purchased a new stake in Inspirato during the 2nd quarter worth approximately $794,000.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price target on shares of Inspirato from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 21st.

Inspirato Company Profile

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Inspirato Incorporated operates as a subscription-based luxury travel company. The company provides affluent travelers access to a portfolio of curated luxury vacation options. As of December 31, 2021, it had approximately 425 private luxury vacation homes available exclusively to subscribers; and accommodations at approximately 420 luxury hotel and resort partners worldwide.