Cimpress (NASDAQ:CMPR) EVP Sells $1,789,572.96 in Stock

Cimpress plc (NASDAQ:CMPR) EVP Maarten Wensveen sold 19,251 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the transaction, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. This represents a 49.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Cimpress Price Performance

Cimpress stock opened at $91.67 on Friday. The firm has a market capitalization of $2.22 billion, a PE ratio of 51.50 and a beta of 1.79. The company’s 50-day moving average is $76.20 and its 200-day moving average is $73.24. Cimpress plc has a fifty-two week low of $41.88 and a fifty-two week high of $96.00.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data 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. The company had revenue of $886.21 million for the quarter, compared to analyst estimates of $858.80 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. As a group, analysts expect that Cimpress plc will post 3.62 EPS for the current year.

Hedge Funds Weigh In On Cimpress

Several large investors have recently modified their holdings of CMPR. ArrowMark Colorado Holdings LLC grew its stake in shares of Cimpress by 66.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock valued at $79,307,000 after acquiring an additional 503,849 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Cimpress by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 37,989 shares of the business services provider’s stock valued at $2,395,000 after acquiring an additional 16,624 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Cimpress by 174.9% in the fourth quarter. SG Americas Securities LLC now owns 42,668 shares of the business services provider’s stock valued at $2,841,000 after acquiring an additional 27,146 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Cimpress in the fourth quarter valued at about $1,968,000. Finally, Pallas Capital Advisors LLC grew its stake in shares of Cimpress by 38.9% in the third quarter. Pallas Capital Advisors LLC now owns 34,283 shares of the business services provider’s stock valued at $2,161,000 after acquiring an additional 9,607 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMPR. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Truist Financial set a $110.00 price objective on shares of Cimpress in a research report on Friday, May 1st. Barrington Research increased their price objective on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

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.