Sequoia Capital Enterpreneurs Sells 2,869,258 Shares of CafePress Inc. (PRSS) Stock
CafePress Inc. (NASDAQ:PRSS) major shareholder Sequoia Capital Enterpreneurs sold 2,869,258 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $1.75, for a total value of $5,021,201.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Sequoia Capital Enterpreneurs also recently made the following trade(s):
- On Friday, September 22nd, Sequoia Capital Enterpreneurs sold 33,525 shares of CafePress stock. The shares were sold at an average price of $1.56, for a total value of $52,299.00.
CafePress Inc. (NASDAQ PRSS) opened at 2.14 on Thursday. The firm has a 50-day moving average price of $2.07 and a 200 day moving average price of $2.44. The firm’s market capitalization is $35.97 million. CafePress Inc. has a one year low of $1.68 and a one year high of $3.72.
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Institutional investors have recently bought and sold shares of the stock. Blackhill Capital Inc. boosted its stake in CafePress by 38.8% in the 2nd quarter. Blackhill Capital Inc. now owns 94,605 shares of the information services provider’s stock worth $235,000 after purchasing an additional 26,449 shares during the period. Renaissance Technologies LLC boosted its stake in CafePress by 8.3% in the 1st quarter. Renaissance Technologies LLC now owns 590,000 shares of the information services provider’s stock worth $1,782,000 after purchasing an additional 45,000 shares during the period. Spark Investment Management LLC boosted its stake in CafePress by 37.8% in the 2nd quarter. Spark Investment Management LLC now owns 76,900 shares of the information services provider’s stock worth $190,000 after purchasing an additional 21,100 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in CafePress by 68.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,505 shares of the information services provider’s stock worth $150,000 after purchasing an additional 20,066 shares during the period. 10.83% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the company. ValuEngine downgraded CafePress from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded CafePress from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
CafePress Company Profile
CafePress Inc is an online retailer of personalized products offering various gifts and accessories, including t-shirts and apparel, mugs and drinkware, and home goods, such as custom shower curtains and bed coverings. The Company conducts its business on its primary United States-based domain, CafePress.com, and also operates CafePress branded Websites for the markets in the United Kingdom, Canada and Australia.
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