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In recent developments at P10, Inc. (NYSE:PX), a $1.36 billion market cap company with a "GOOD" InvestingPro Financial Health score, Alexander I. Abell, a reporting owner listed under "See Remarks," has executed a sale of Class A Common Stock. On May 12, 2025, Abell sold 24,495 shares at a price of $12.223 per share, amounting to a total transaction value of $299,402. Following this transaction, Abell retains ownership of 325,000 shares of P10. The sale was carried out directly, as noted in the SEC filing. The company, which has demonstrated strong revenue growth of 19% over the last twelve months, currently trades at a high P/E ratio of 71.4x. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value model. For deeper insights and access to the comprehensive Pro Research Report covering P10 and 1,400+ other US stocks, consider subscribing to InvestingPro.
In other recent news, P10 Inc reported its Q1 2025 earnings, revealing an earnings per share (EPS) of $0.04, significantly below the forecasted $0.21. The company’s revenue also fell short, coming in at $67.7 million compared to the expected $70.1 million. Despite these setbacks, P10 Inc experienced a 2% year-over-year increase in revenue and a notable 10% growth in fee-paying assets under management (AUM), reaching $26.3 billion. The growth in AUM was driven by strategic acquisitions and successful fundraising efforts, including the acquisition of European solutions provider Qualitas.
JPMorgan analyst Kenneth Worthington revised the price target for P10 to $14.50 from $15.00 but maintained an Overweight rating on the company’s shares. Worthington noted P10’s first quarter 2025 adjusted net income per share of $0.20, which met JPMorgan’s estimates but fell short of the Bloomberg consensus. The analyst also highlighted positive developments at P10, such as increased transparency in disclosures, expansion of products and distribution, and enhancements in corporate governance. Additionally, the company announced the appointment of two new independent directors and expressed plans for future acquisitions.
P10’s management maintained its full-year guidance despite deviations in the first quarter results, attributing them to seasonality and timing. The company anticipates double-digit revenue growth in 2025, driven by strategic initiatives and expanding market presence. Looking ahead, P10 expects to raise $4 billion in organic gross fundraising and plans to have over 15 funds in the market during the year.
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