Insider Selling: Cimpress plc (NASDAQ:CMPR) CEO Sells 4,432 Shares of Stock

Cimpress plc (NASDAQ:CMPR) CEO Florian Baumgartner sold 4,432 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $92.24, for a total transaction of $408,807.68. Following the sale, the chief executive officer now owns 29,804 shares of the company’s stock, valued at $2,749,120.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Florian Baumgartner also recently made the following trade(s):

• On Monday, April 8th, Florian Baumgartner sold 4,433 shares of Cimpress stock. The shares were sold at an average price of $97.88, for a total transaction of $433,902.04.
• On Monday, April 1st, Florian Baumgartner sold 5,683 shares of Cimpress stock. The shares were sold at an average price of $89.97, for a total transaction of $511,299.51.
• On Thursday, March 21st, Florian Baumgartner sold 5,683 shares of Cimpress stock. The shares were sold at an average price of $92.81, for a total transaction of $527,439.23.

Cimpress Stock Performance

NASDAQ CMPR opened at $90.23 on Thursday. The firm has a 50-day simple moving average of $91.37 and a 200 day simple moving average of $78.81. Cimpress plc has a twelve month low of $42.78 and a twelve month high of $100.01. The stock has a market cap of $2.40 billion, a PE ratio of 59.75, a PEG ratio of 1.21 and a beta of 1.97.

Cimpress (NASDAQ:CMPR) last released 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 business had revenue of $921.36 million during the quarter, compared to analysts’ expectations of $901.13 million. Research analysts forecast that Cimpress plc will post 3.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CMPR shares. Barrington Research upped their price target on shares of Cimpress from $100.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Truist Financial increased 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMPR. Norges Bank bought a new position in Cimpress during the fourth quarter worth about $3,685,000. Thrivent Financial for Lutherans lifted its stake in Cimpress by 11.2% during the first quarter. Thrivent Financial for Lutherans now owns 1,311,755 shares of the business services provider’s stock worth $57,481,000 after purchasing an additional 131,763 shares during the period. Morgan Stanley lifted its stake in Cimpress by 42.8% during the third quarter. Morgan Stanley now owns 320,773 shares of the business services provider’s stock worth $22,457,000 after purchasing an additional 96,119 shares during the period. Nuveen Asset Management LLC lifted its stake in Cimpress by 16.4% during the second quarter. Nuveen Asset Management LLC now owns 638,249 shares of the business services provider’s stock worth $37,963,000 after purchasing an additional 89,943 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Cimpress by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 1,720,504 shares of the business services provider’s stock worth $137,726,000 after purchasing an additional 89,931 shares during the period. Institutional investors own 77.64% of the company’s stock.

About Cimpress

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.