CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III bought 20,081 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average cost of $1.87 per share, for a total transaction of $37,551.47. Following the completion of the purchase, the chief executive officer now owns 2,377,364 shares in the company, valued at $4,445,670.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of CafePress Inc. (NASDAQ:PRSS) traded down 1.08% during midday trading on Thursday, reaching $1.83. 51,264 shares of the company traded hands. CafePress Inc. has a 12 month low of $1.75 and a 12 month high of $3.72. The stock’s market capitalization is $30.76 million. The company’s 50 day moving average is $2.27 and its 200-day moving average is $2.78.
Separately, Zacks Investment Research downgraded shares of CafePress from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.
A number of hedge funds and other institutional investors have recently made changes to their positions in PRSS. Goldman Sachs Group Inc. boosted its position in shares of CafePress by 68.2% in the first quarter. Goldman Sachs Group Inc. now owns 49,505 shares of the information services provider’s stock worth $150,000 after buying an additional 20,066 shares during the period. Spark Investment Management LLC boosted its position in shares of CafePress by 31.0% in the first quarter. Spark Investment Management LLC now owns 55,800 shares of the information services provider’s stock worth $168,000 after buying an additional 13,200 shares during the period. Blackhill Capital Inc. boosted its position in shares of CafePress by 7.1% in the first quarter. Blackhill Capital Inc. now owns 68,156 shares of the information services provider’s stock worth $206,000 after buying an additional 4,506 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of CafePress by 5.1% in the fourth quarter. Renaissance Technologies LLC now owns 545,000 shares of the information services provider’s stock worth $1,602,000 after buying an additional 26,200 shares during the period. 13.85% of the stock is currently owned by hedge funds and other institutional investors.
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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