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Alexander Abell, associated with P10, Inc. (NYSE:PX), recently sold 20,000 shares of the company’s Class A common stock. The transaction, which took place on March 25, 2025, was executed at a price of $12.276 per share, totaling $245,520. The sale comes as P10 shows strong momentum, with the stock delivering a 56% return over the past year. According to InvestingPro analysis, the company maintains a "Good" financial health score, with analyst price targets ranging from $13 to $21. Following this sale, Abell holds 349,495 shares directly. While Abell is not a director or officer, he is part of a group that may collectively own more than 10% of P10’s common stock. The company currently trades at a premium valuation with a P/E ratio of 71, though InvestingPro data shows strong fundamentals with a 55% gross profit margin and consistent dividend growth over the past three years.
In other recent news, P10 Inc. has made significant strides in its corporate structure and market positioning. The company recently appointed Andrew Corsi as the new Chief Accounting Officer, effective January 1, 2025. Corsi, who has been with P10 since 2021, previously held the position of Corporate Controller and has extensive experience from his time at Goldman Sachs and Ernst & Young. In another development, JPMorgan analysts upgraded P10’s stock rating from Neutral to Overweight, citing the company’s niche focus and strategic growth initiatives, including mergers and acquisitions. They also raised the stock’s price target from $14.00 to $15.00, highlighting P10’s efforts in venture debt and expanding its distribution capabilities.
Furthermore, P10 Inc. has revised its Controlled Company Agreement, impacting shareholder dynamics by removing certain entities as Restricted Stockholders and converting Class B Common Stock to Class A Common Stock. This amendment, filed with the SEC, indicates a shift in voting power and ownership dispersion. The changes in shareholder agreements and the strategic moves by P10 are part of the company’s broader strategy to enhance its market position and financial stability. These recent developments reflect P10’s proactive approach to growth and governance adjustments.
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