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 value of $624,585.00. Following the sale, the chief executive officer owned 76,177 shares in the company, valued at approximately $7,319,847.93. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Cimpress Trading Down 1.3%

Shares of Cimpress stock opened at $97.34 on Friday. The company’s 50-day moving average price is $95.63 and its 200-day moving average price is $85.89. Cimpress plc has a 12-month low of $56.34 and a 12-month 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.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%.The firm had revenue of $944.96 million for the quarter, compared to the consensus estimate of $945.53 million. On average, sell-side analysts predict that Cimpress plc will post 4.51 earnings per share for the current year.

Institutional Trading of Cimpress

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Cimpress by 27.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock worth $60,000 after acquiring an additional 177 shares during the last quarter. Quantinno Capital Management LP increased its stake in 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 acquiring an additional 189 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Cimpress by 3.0% in the second quarter. Handelsbanken Fonder AB now owns 6,896 shares of the business services provider’s stock valued at $701,000 after acquiring an additional 200 shares during the last quarter. Ieq Capital LLC raised its position in Cimpress by 0.4% during 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. Finally, The Manufacturers Life Insurance Company raised its position in Cimpress by 2.6% during 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. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Analyst Ratings Changes

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

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.