Maarten Wensveen Sells 19,251 Shares of Cimpress (NASDAQ:CMPR) Stock

Cimpress plc (NASDAQ:CMPR) EVP Maarten Wensveen sold 19,251 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the sale, the executive vice president directly owned 19,674 shares of the company’s stock, valued at $1,828,895.04. This represents a 49.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cimpress Trading Up 2.7%

NASDAQ CMPR traded up $2.46 during trading on Thursday, reaching $91.98. The company’s stock had a trading volume of 118,502 shares, compared to its average volume of 132,509. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 51.67 and a beta of 1.79. Cimpress plc has a 12 month low of $40.90 and a 12 month high of $96.00. The firm has a 50 day moving average price of $75.80 and a 200 day moving average price of $73.05.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.15 by $0.40. The company had revenue of $886.21 million during the quarter, compared to analysts’ expectations of $858.80 million. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. On average, equities analysts forecast that Cimpress plc will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Monday. Truist Financial set a $110.00 target price on shares of Cimpress in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Finally, Barrington Research boosted their target price on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

Hedge Funds Weigh In On Cimpress

A number of institutional investors have recently added to or reduced their stakes in CMPR. Amundi increased its position in Cimpress by 73.5% during the 1st quarter. Amundi now owns 7,385 shares of the business services provider’s stock worth $328,000 after purchasing an additional 3,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cimpress by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after purchasing an additional 282 shares in the last quarter. Legal & General Group Plc increased its position in Cimpress by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock worth $869,000 after purchasing an additional 751 shares in the last quarter. Prudential Financial Inc. acquired a new position in Cimpress during the 2nd quarter worth approximately $211,000. Finally, Hsbc Holdings PLC increased its position in Cimpress by 15.3% during the 2nd quarter. Hsbc Holdings PLC now owns 11,218 shares of the business services provider’s stock worth $520,000 after purchasing an additional 1,492 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.