Cimpress (NASDAQ:CMPR) EVP Maarten Wensveen Sells 19,251 Shares

Key Points

• EVP Maarten Wensveen sold 19,251 shares of Cimpress on May 5 at an average price of $92.96 for about $1.79 million, cutting his holding by 49.46% to 19,674 shares (valued ~ $1.83M).
• Cimpress beat expectations for the quarter with $0.55 EPS vs. $0.15 estimated and revenue of $886.2M (vs. $858.8M est.), while the stock trades near its 12‑month high and carries a market cap of $2.23B and a P/E of 51.67.
• Analyst coverage is mixed but the consensus is a "Moderate Buy" with a $111.50 average target, and institutional investors own about 77.64% of the stock.

Cimpress plc (NASDAQ:CMPR - Get Free Report) EVP Maarten Wensveen sold 19,251 shares of Cimpress stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the sale, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. The trade was a 49.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Cimpress Price Performance

CMPR stock traded up $2.46 during midday trading on Thursday, hitting $91.98. The company's stock had a trading volume of 118,502 shares, compared to its average volume of 132,509. Cimpress plc has a twelve month low of $40.90 and a twelve month high of $96.00. The company's fifty day moving average price is $75.80 and its 200 day moving average price is $73.05. The stock has a market capitalization of $2.23 billion, a P/E ratio of 51.67 and a beta of 1.79.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.40. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The company had revenue of $886.21 million during the quarter, compared to the consensus estimate of $858.80 million. Equities analysts expect that Cimpress plc will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

CMPR has been the subject of a number of analyst reports. Wall Street Zen raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Sunday, March 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Cimpress in a research report on Wednesday, April 29th. Barrington Research raised their target price on shares of Cimpress from $95.00 to $113.00 and gave the stock an "outperform" rating in a research note on Wednesday. Zacks Research downgraded shares of Cimpress from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Truist Financial set a $110.00 target price on shares of Cimpress in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cimpress currently has an average rating of "Moderate Buy" and a consensus target price of $111.50.

Institutional Investors Weigh In On Cimpress

Hedge funds have recently bought and sold shares of the stock. KBC Group NV bought a new stake in Cimpress in the 1st quarter valued at about $30,000. First Horizon Corp bought a new stake in Cimpress in the 3rd quarter valued at about $27,000. Allworth Financial LP boosted its holdings in Cimpress by 250.0% in the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider's stock valued at $33,000 after purchasing an additional 370 shares during the period. Quarry LP bought a new stake in Cimpress in the 3rd quarter valued at about $55,000. Finally, Headlands Technologies LLC boosted its holdings in Cimpress by 32.3% in the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider's stock valued at $46,000 after purchasing an additional 241 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.

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