Cimpress (NASDAQ:CMPR) Shares Gap Down Following Insider Selling

Cimpress plc (NASDAQ:CMPR) gapped down before the market opened on Thursday following insider selling activity. The stock had previously closed at $84.30, but opened at $80.93. Cimpress shares last traded at $76.53, with a volume of 43,900 shares changing hands.

Specifically, EVP Maarten Wensveen sold 1,651 shares of Cimpress stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $90.00, for a total value of $148,590.00. Following the transaction, the executive vice president now directly owns 10,779 shares in the company, valued at approximately $970,110. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Florian Baumgartner sold 5,683 shares of Cimpress stock in a transaction on Monday, April 1st. The shares were sold at an average price of $89.97, for a total value of $511,299.51. Following the transaction, the chief executive officer now directly owns 33,793 shares in the company, valued at approximately $3,040,356.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maarten Wensveen sold 1,651 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total transaction of $148,590.00. Following the sale, the executive vice president now owns 10,779 shares in the company, valued at $970,110. The disclosure for this sale can be found here. Insiders have sold a total of 25,292 shares of company stock worth $2,319,309 in the last three months. Insiders own 17.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barrington Research boosted their target price on shares of Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Truist Financial boosted their target price on shares of Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 2nd.

Cimpress Trading Down 8.8 %

The firm’s 50 day moving average is $91.36 and its two-hundred day moving average is $80.22. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 55.83, a P/E/G ratio of 1.12 and a beta of 1.94.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, January 31st. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.90. Cimpress had a net margin of 1.31% and a negative return on equity of 10.76%. The firm had revenue of $921.36 million during the quarter, compared to the consensus estimate of $901.13 million. As a group, equities analysts expect that Cimpress plc will post 3.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank increased its stake in shares of Cimpress by 1.1% during the 3rd quarter. Swiss National Bank now owns 37,600 shares of the business services provider’s stock valued at $2,632,000 after acquiring an additional 400 shares during the last quarter. Handelsbanken Fonder AB increased its position in Cimpress by 7.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,996 shares of the business services provider’s stock worth $490,000 after purchasing an additional 496 shares in the last quarter. Ingalls & Snyder LLC increased its position in Cimpress by 0.6% during the 3rd quarter. Ingalls & Snyder LLC now owns 93,797 shares of the business services provider’s stock worth $6,567,000 after purchasing an additional 557 shares in the last quarter. Graham Capital Management L.P. increased its position in Cimpress by 22.7% during the 3rd quarter. Graham Capital Management L.P. now owns 5,358 shares of the business services provider’s stock worth $375,000 after purchasing an additional 992 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Cimpress by 13.3% during the 3rd quarter. Deutsche Bank AG now owns 9,472 shares of the business services provider’s stock worth $663,000 after purchasing an additional 1,114 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.