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

Cimpress plc (NASDAQ:CMPR) shares 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 traded.

Specifically, CEO Florian Baumgartner sold 4,433 shares of Cimpress stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $97.88, for a total transaction of $433,902.04. Following the transaction, the chief executive officer now owns 29,360 shares of the company’s stock, valued at approximately $2,873,756.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Maarten Wensveen sold 1,651 shares of Cimpress stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total transaction of $148,590.00. Following the completion of the sale, the executive vice president now directly owns 10,779 shares in the company, valued at approximately $970,110. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Florian Baumgartner sold 4,433 shares of Cimpress stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $97.88, for a total value of $433,902.04. Following the sale, the chief executive officer now owns 29,360 shares of the company’s stock, valued at $2,873,756.80. The disclosure for this sale can be found here. Insiders have sold a total of 25,292 shares of company stock valued at $2,319,309 in the last 90 days. 17.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMPR. Truist Financial lifted their price target on Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barrington Research boosted their target price on Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 5th.

Cimpress Trading Down 8.8 %

The company has a fifty day moving average of $91.36 and a two-hundred day moving average of $80.22. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 55.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.94.

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

Institutional Investors Weigh In On Cimpress

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. Norges Bank acquired a new stake in Cimpress in the 4th quarter worth approximately $9,433,000. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 89,931 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Cimpress by 37.8% during the third quarter. Acadian Asset Management LLC now owns 289,394 shares of the business services provider’s stock worth $20,247,000 after buying an additional 79,340 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Cimpress by 2,607.2% during the third quarter. Lazard Asset Management LLC now owns 59,991 shares of the business services provider’s stock worth $4,199,000 after buying an additional 57,775 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Cimpress during the third quarter worth approximately $3,620,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.