Published on 25 Sep 2023 on Simply Wall St. via Yahoo Finance
Presto Automation Inc.'s (NASDAQ:PRST) top owners are private equity firms with 48% stake, while 33%...
Key Insights
The considerable ownership by private equity firms in Presto Automation indicates that they collectively have a greater say in management and business strategyThe top 4 shareholders own 52% of the company Insiders have been selling lately
To get a sense of who is truly in control of Presto Automation Inc. (NASDAQ:PRST), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are private equity firms with 48% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.