P10 Inc. sees $120,000 stock sale by Madorsky trust

Published 21/05/2025, 14:14
P10 Inc. sees $120,000 stock sale by Madorsky trust

On May 19, the Jon I. Madorsky Revocable Trust executed a notable transaction involving the sale of P10, Inc. (NYSE:PX) stock. The trust sold 10,000 shares of P10’s Class A Common Stock at a price of $12 per share, resulting in a total transaction value of $120,000. The sale price was slightly above the current trading price of $11.67, with InvestingPro data showing the stock is currently trading near its Fair Value. Following this sale, the trust retains ownership of 495,574 shares.

The transaction was reported by the trust, with Jon I. Madorsky acting as trustee, and was filed with the SEC on May 21. While the trust is not directly an officer or director of P10, it is considered part of a group that collectively holds more than 10% of the company’s common stock.

In other recent news, P10 Inc reported its first quarter 2025 earnings, which fell short of expectations. The company announced an earnings per share (EPS) of $0.04, significantly below the forecasted $0.21, and revenue of $67.7 million, which also missed the expected $70.1 million. Additionally, P10 Inc’s adjusted net income decreased by 8% year-over-year to $23.5 million. Despite these setbacks, the company’s fee-paying assets under management grew by 10% year-over-year, reaching $26.3 billion, driven by strategic acquisitions and successful fundraising efforts. JPMorgan analyst Kenneth Worthington revised the price target for P10 Inc to $14.50, down from $15.00, but maintained an Overweight rating. Worthington noted several positive developments, including increased transparency, corporate governance enhancements, and strategic mergers and acquisitions, such as the acquisition of European solutions provider Qualitas. P10 Inc’s management remains optimistic about its growth trajectory, anticipating double-digit revenue growth in 2025 and aiming to raise $4 billion in organic gross fundraising.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.