Cimpress (NASDAQ:CMPR) CEO Sells $1,358,080.00 in Stock

Key Points

• CEO Robert Keane sold 16,000 Cimpress shares at an average price of $84.88, generating $1.36 million. The sale reduced his direct ownership by 2.05% to 764,000 shares.
• Cimpress shares fell 0.9% to $83.40 and remain below their 50-day moving average of $94.13. The company’s latest quarterly EPS of $0.97 missed analyst expectations of $1.22, while revenue was approximately in line with forecasts.
• Institutional investors own 77.64% of Cimpress, and analysts maintain a consensus “Moderate Buy” rating with a $114.50 target price, despite some recent downgrades to “Hold.”

Cimpress plc (NASDAQ:CMPR - Get Free Report) CEO Robert Keane sold 16,000 shares of Cimpress stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $84.88, for a total value of $1,358,080.00. Following the transaction, the chief executive officer directly owned 764,000 shares in the company, valued at $64,848,320. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Cimpress Stock Down 0.9%

Cimpress stock traded down $0.75 during mid-day trading on Tuesday, hitting $83.40. 108,368 shares of the stock were exchanged, compared to its average volume of 171,641. The firm's fifty day simple moving average is $94.13 and its two-hundred day simple moving average is $87.85. Cimpress plc has a 12 month low of $56.34 and a 12 month high of $106.57. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 22.12 and a beta of 1.80.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. The firm had revenue of $944.96 million during the quarter, compared to analyst estimates of $945.53 million. As a group, analysts forecast that Cimpress plc will post 4.38 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Cimpress by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider's stock worth $32,627,000 after acquiring an additional 18,262 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in Cimpress in the fourth quarter valued at $1,847,000. Wasatch Advisors LP purchased a new stake in Cimpress during the second quarter valued at about $47,545,000. Rubric Capital Management LP raised its position in Cimpress by 6.8% during the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider's stock valued at $118,948,000 after purchasing an additional 104,419 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Cimpress by 2.6% during the first quarter. Janus Henderson Group PLC now owns 3,713,187 shares of the business services provider's stock worth $271,063,000 after purchasing an additional 92,764 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMPR has been the subject of a number of research reports. Zacks Research cut shares of Cimpress from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th. Wall Street Zen cut shares of Cimpress from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Truist Financial decreased their target price on Cimpress from $110.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Finally, Barrington Research set a $121.00 price target on Cimpress in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.50.

About Cimpress

Cimpress plc NASDAQ: CMPR is a technology and manufacturing company focused on mass customization. It enables individuals, small businesses and organizations to design and order personalized products through online platforms, while using data, software and a distributed production network to manufacture and deliver those products efficiently.

Its portfolio includes customized marketing materials, signage, apparel, packaging, promotional products, gifts and other printed or personalized merchandise.

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