Insider Selling: Cimpress (NASDAQ:CMPR) EVP Sells $2,403,937.80 in Stock

Cimpress plc (NASDAQ:CMPR) EVP Sean Edward Quinn sold 22,980 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $104.61, for a total value of $2,403,937.80. Following the completion of the sale, the executive vice president owned 28,937 shares of the company’s stock, valued at approximately $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sean Edward Quinn also recently made the following trade(s):

• On Thursday, May 28th, Sean Edward Quinn sold 5,009 shares of Cimpress stock. The stock was sold at an average price of $104.22, for a total value of $522,037.98.

Cimpress Stock Performance

CMPR opened at $98.56 on Monday. The business has a 50 day moving average price of $84.48 and a 200 day moving average price of $76.72. Cimpress plc has a twelve month low of $42.05 and a twelve month high of $106.13. The firm has a market cap of $2.39 billion, a P/E ratio of 55.37 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.40. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%.The firm had revenue of $886.21 million during the quarter, compared to analyst estimates of $858.80 million. As a group, analysts anticipate that Cimpress plc will post 3.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMPR has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Barrington Research upped their price target on Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Zacks Research lowered Cimpress from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Truist Financial set a $110.00 price target on Cimpress in a report on Friday, May 1st. Finally, Wall Street Zen upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 1st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CMPR. EverSource Wealth Advisors LLC raised its stake in shares of Cimpress by 27.7% in the first quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 177 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Cimpress by 2.7% in the first quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 189 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Cimpress by 0.4% in the fourth quarter. Ieq Capital LLC now owns 58,058 shares of the business services provider’s stock valued at $3,866,000 after purchasing an additional 220 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Cimpress by 2.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,905 shares of the business services provider’s stock valued at $593,000 after purchasing an additional 225 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Cimpress by 1.3% in the fourth quarter. Cerity Partners LLC now owns 18,477 shares of the business services provider’s stock valued at $1,230,000 after purchasing an additional 233 shares in the last quarter. 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.