This Insider Has Just Sold Shares In Inspirato

We'd be surprised if Inspirato Incorporated (NASDAQ:ISPO) shareholders haven't noticed that an insider, Brent Handler, recently sold US$399k worth of stock at US$4.70 per share. However, the silver lining is that the sale only reduced their total holding by 8.7%, so we're hesitant to read anything much into it, on its own.

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Inspirato Insider Transactions Over The Last Year

In fact, the recent sale by Brent Handler was the biggest sale of Inspirato shares made by an insider individual in the last twelve months, according to our records. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$3.52. So it may not shed much light on insider confidence at current levels.

Over the last year we saw more insider selling of Inspirato shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Inspirato

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Does Inspirato Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Inspirato insiders own 15% of the company, worth about US$6.5m. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Inspirato Insiders?

Unfortunately, there has been more insider selling of Inspirato stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. When you combine this with the relatively low insider ownership, we are very cautious about the stock. So we're not rushing to buy, to say the least. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Inspirato is showing 7 warning signs in our investment analysis, and 4 of those make us uncomfortable...

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.