Cimpress (NASDAQ:CMPR) CEO Robert Keane Sells 6,500 Shares of Stock

Cimpress plc (NASDAQ:CMPR) CEO Robert Keane sold 6,500 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $96.09, for a total transaction of $624,585.00. Following the completion of the sale, the chief executive officer directly owned 76,177 shares of the company’s stock, valued at $7,319,847.93. The trade was a 7.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Cimpress Trading Down 1.3%

Shares of NASDAQ CMPR traded down $1.30 during midday trading on Thursday, reaching $97.34. The company’s stock had a trading volume of 118,372 shares, compared to its average volume of 169,663. Cimpress plc has a one year low of $56.34 and a one year high of $106.57. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 25.82 and a beta of 1.80. The company has a 50 day moving average price of $95.63 and a 200 day moving average price of $85.76.

Cimpress (NASDAQ:CMPR) last posted its quarterly 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). The business had revenue of $944.96 million during the quarter, compared to analyst estimates of $945.53 million. Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%. Research analysts anticipate that Cimpress plc will post 4.51 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

A number of hedge funds have recently made changes to their positions in CMPR. Jackson Creek Investment Advisors LLC acquired a new position in shares of Cimpress in the fourth quarter worth $1,847,000. Dimensional Fund Advisors LP boosted its position in Cimpress by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock valued at $32,627,000 after purchasing an additional 18,262 shares during the last quarter. Wakefield Asset Management LLLP purchased a new position in Cimpress in the fourth quarter valued at about $1,066,000. Wasatch Advisors LP purchased a new position in Cimpress in the second quarter valued at about $47,545,000. Finally, Rubric Capital Management LP increased its position in Cimpress by 6.8% in the 1st quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock worth $118,948,000 after purchasing an additional 104,419 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMPR has been the topic of several recent analyst reports. Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Truist Financial dropped their target price on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Barrington Research set a $121.00 target price on shares of Cimpress in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Cimpress currently has a consensus rating of “Buy” and an average price target of $114.50.

Cimpress Company Profile

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.