Cimpress (NASDAQ:CMPR) EVP Sells $2,403,937.80 in Stock

Cimpress plc (NASDAQ:CMPR) EVP Sean Edward Quinn sold 22,980 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the completion of the transaction, the executive vice president owned 28,937 shares in the company, valued at approximately $3,027,099.57. This trade represents a 44.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sean Edward Quinn also recently made the following trade(s):

• On Thursday, May 28th, Sean Edward Quinn sold 5,009 shares of Cimpress stock. The shares were sold at an average price of $104.22, for a total transaction of $522,037.98.

Cimpress Trading Down 1.3%

Shares of NASDAQ:CMPR traded down $1.29 on Friday, reaching $98.56. 189,011 shares of the company traded hands, compared to its average volume of 146,199. The stock has a market capitalization of $2.39 billion, a P/E ratio of 55.37 and a beta of 1.79. The business’s 50-day simple moving average is $83.91 and its 200 day simple moving average is $76.48. Cimpress plc has a 52 week low of $42.05 and a 52 week high of $106.13.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.40. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The firm had revenue of $886.21 million for the quarter, compared to analysts’ expectations of $858.80 million. Sell-side analysts expect that Cimpress plc will post 3.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMPR. Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Barrington Research raised their price target on Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Truist Financial set a $110.00 price target on shares of Cimpress in a report on Friday, May 1st. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Cimpress by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 37,989 shares of the business services provider’s stock worth $2,395,000 after purchasing an additional 16,624 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in Cimpress by 66.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock worth $79,307,000 after purchasing an additional 503,849 shares in the last quarter. SG Americas Securities LLC raised its holdings in Cimpress by 174.9% in the fourth quarter. SG Americas Securities LLC now owns 42,668 shares of the business services provider’s stock worth $2,841,000 after purchasing an additional 27,146 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Cimpress in the fourth quarter worth $1,968,000. Finally, Pallas Capital Advisors LLC raised its holdings in Cimpress by 38.9% in the third quarter. Pallas Capital Advisors LLC now owns 34,283 shares of the business services provider’s stock worth $2,161,000 after purchasing an additional 9,607 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.