Cimpress plc (NASDAQ:CMPR) CEO Sells $4,489,767.90 in Stock

Cimpress plc (NASDAQ:CMPR) CEO Robert S. Keane sold 45,310 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total value of $4,489,767.90. Following the transaction, the chief executive officer now directly owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cimpress Trading Down 0.2 %

Shares of NASDAQ CMPR opened at $96.36 on Friday. Cimpress plc has a 12 month low of $57.01 and a 12 month high of $104.92. The stock has a 50 day moving average of $90.57 and a 200-day moving average of $89.07. The company has a market capitalization of $2.42 billion, a P/E ratio of 29.74, a P/E/G ratio of 0.83 and a beta of 2.04.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $3.56. The business had revenue of $832.61 million during the quarter, compared to the consensus estimate of $832.90 million. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. Analysts predict that Cimpress plc will post 4.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMPR. Truist Financial lifted their target price on Cimpress from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Barrington Research lifted their target price on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th.

Institutional Trading of Cimpress

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Cimpress by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock valued at $160,384,000 after purchasing an additional 91,543 shares during the period. Lazard Asset Management LLC lifted its position in shares of Cimpress by 9,821.4% during the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock valued at $13,838,000 after acquiring an additional 154,785 shares during the period. Acadian Asset Management LLC lifted its position in shares of Cimpress by 4.4% during the 1st quarter. Acadian Asset Management LLC now owns 357,732 shares of the business services provider’s stock valued at $31,644,000 after acquiring an additional 15,157 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in shares of Cimpress during the 2nd quarter valued at $2,208,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Cimpress during the 1st quarter valued at $273,000. 77.64% of the stock is currently owned by institutional investors.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.