Inspirato Incorporated (NASDAQ:ISPO – Get Rating) major shareholder Institutional Venture Partners sold 70,416 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $0.96, for a total value of $67,599.36. Following the sale, the insider now owns 10,611,542 shares of the company’s stock, valued at $10,187,080.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% 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 Monday, May 22nd, Institutional Venture Partners sold 58,089 shares of Inspirato stock. The stock was sold at an average price of $0.95, for a total value of $55,184.55.
Inspirato Price Performance
ISPO opened at $0.95 on Wednesday. Inspirato Incorporated has a fifty-two week low of $0.69 and a fifty-two week high of $6.39. The business has a 50-day moving average of $0.87 and a 200-day moving average of $1.22.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ISPO. Citigroup Inc. bought a new position in shares of Inspirato in the 1st quarter valued at approximately $270,000. Goldman Sachs Group Inc. bought a new position in shares of Inspirato in the 1st quarter valued at approximately $113,000. Polar Asset Management Partners Inc. bought a new position in shares of Inspirato in the 1st quarter valued at approximately $1,794,000. JPMorgan Chase & Co. bought a new position in shares of Inspirato in the 2nd quarter valued at approximately $25,000. Finally, Rhumbline Advisers bought a new position in shares of Inspirato in the 2nd quarter valued at approximately $68,000.
Wall Street Analyst Weigh In
Separately, Piper Sandler cut their price target on Inspirato from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Tuesday, March 21st.
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.
- Get a free copy of the StockNews.com research report on Inspirato (ISPO)
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