Cimpress (NASDAQ:CMPR) Stock Price Down 4% on Insider Selling

Cimpress plc (NASDAQ:CMPR)’s stock price dropped 4% on Monday after an insider sold shares in the company. The stock traded as low as $87.17 and last traded at $87.17. Approximately 47,977 shares traded hands during trading, a decline of 69% from the average daily volume of 152,541 shares. The stock had previously closed at $90.76.

Specifically, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $97.55, for a total transaction of $38,629.80. Following the transaction, the chief executive officer now directly owns 986,785 shares of the company’s stock, valued at approximately $96,260,876.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert S. Keane sold 45,310 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the completion of the transaction, the chief executive officer now owns 1,012,890 shares of the company’s stock, valued at $100,367,270.10. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CMPR shares. Truist Financial boosted their price target on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barrington Research upped their target price on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Finally, StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st.

Cimpress Stock Performance

The stock’s 50-day moving average price is $90.29 and its two-hundred day moving average price is $88.94. The stock has a market capitalization of $2.04 billion, a PE ratio of 24.76, a P/E/G ratio of 0.76 and a beta of 2.04.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $3.56. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. The business had revenue of $832.61 million for the quarter, compared to analysts’ expectations of $832.90 million. On average, analysts predict that Cimpress plc will post 4.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cimpress

Institutional investors have recently made changes to their positions in the company. CWM LLC raised its stake in Cimpress by 166.3% during the 2nd quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after buying an additional 519 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Cimpress during the first quarter valued at $200,000. Legacy Capital Group California Inc. bought a new position in Cimpress in the second quarter valued at about $202,000. Optimist Retirement Group LLC bought a new position in Cimpress in the second quarter valued at about $204,000. Finally, Olympiad Research LP purchased a new position in Cimpress in the fourth quarter worth about $212,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Company Profile

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.