Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
David M. McCoy, a director at P10, Inc. (NYSE:PX), recently sold 55,545 shares of the company's Class A Common Stock. The shares were sold on December 23 at $12.72 each, amounting to a total transaction value of $706,532. The transaction occurred near P10's current trading price of $12.60, with the stock showing remarkable strength through a 56% gain over the past six months. According to InvestingPro analysis, P10 currently trades at a high earnings multiple of 132x.
In addition to the sale, McCoy converted 300,000 shares of Class B Common Stock into Class A Common Stock, which did not involve any financial transaction. Post these transactions, McCoy holds 344,000 shares of Class A Common Stock directly.
McCoy's transactions are part of ongoing activities by insiders at P10, a company specializing in investment advice, with headquarters in Dallas, Texas.
In other recent news, P10 Inc (NYSE:PX). reported an impressive 26% year-over-year revenue increase in Q3 2024, outperforming estimates by 11%. The company's EBITDA exceeded expectations by nearly 30%, with a reported EBITDA margin of 47.6%, significantly higher than the 40.7% anticipated by analysts. In addition to robust financial results, P10 Inc. announced the acquisition of Qualitas Funds, a strategic move expected to expand the company's European presence and investor base.
The company also revised key shareholder agreements, including the removal of 210/P10 Acquisition Partners, LLC, Souder Family LLC, and Michael Feinglass as Restricted Stockholders. Furthermore, 210/P10 Acquisition Partners, LLC has converted all its Class B Common Stock into Class A Common Stock, marking a potential shift in voting power and ownership dispersion.
Stephens, a financial services firm, maintained an Overweight rating on P10 Inc.'s stock and raised the price target from $12 to $13, reflecting confidence in the company's performance. The firm anticipates a positive outlook for P10 Inc., particularly with the addition of $1.4 billion in gross new fee-paying assets under management.
In other company news, P10 Inc. appointed Mike Goodwin as its new Chief Information Officer, a move expected to enhance the firm's operational and technological capabilities. Lastly, aligning with its disciplined capital allocation strategy, P10 Inc. declared a quarterly cash dividend of $0.035 per share.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.