Fred E. Durham III Buys 30,373 Shares of CafePress Inc. (NASDAQ:PRSS) Stock
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III bought 30,373 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $1.84 per share, with a total value of $55,886.32. Following the completion of the purchase, the chief executive officer now owns 2,407,737 shares in the company, valued at $4,430,236.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
CafePress Inc. (NASDAQ:PRSS) traded up 0.55% during trading on Friday, reaching $1.84. 53,867 shares of the company’s stock were exchanged. The firm’s market capitalization is $30.93 million. CafePress Inc. has a 52 week low of $1.75 and a 52 week high of $3.72. The stock has a 50-day moving average price of $2.25 and a 200 day moving average price of $2.77.
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A number of hedge funds and other institutional investors have recently made changes to their positions in PRSS. Renaissance Technologies LLC increased its position in shares of CafePress by 8.3% in the first quarter. Renaissance Technologies LLC now owns 590,000 shares of the information services provider’s stock valued at $1,782,000 after buying an additional 45,000 shares during the last quarter. Blackhill Capital Inc. increased its position in shares of CafePress by 38.8% in the second quarter. Blackhill Capital Inc. now owns 94,605 shares of the information services provider’s stock valued at $235,000 after buying an additional 26,449 shares during the last quarter. Spark Investment Management LLC increased its position in shares of CafePress by 37.8% in the second quarter. Spark Investment Management LLC now owns 76,900 shares of the information services provider’s stock valued at $190,000 after buying an additional 21,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased 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 valued at $150,000 after buying an additional 20,066 shares during the last quarter. 13.85% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut shares of CafePress from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th.
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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