Cimpress plc (NASDAQ:CMPR) Shares Bought by Algert Global LLC

Algert Global LLC grew its holdings in Cimpress plc (NASDAQ:CMPR) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,783 shares of the business services provider’s stock after purchasing an additional 2,151 shares during the quarter. Algert Global LLC owned about 0.23% of Cimpress worth $5,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC increased its holdings in shares of Cimpress by 166.3% in the second quarter. CWM LLC now owns 831 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 519 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Cimpress during the 1st quarter worth $200,000. Legacy Capital Group California Inc. purchased a new position in shares of Cimpress during the 2nd quarter worth $202,000. Optimist Retirement Group LLC acquired a new position in shares of Cimpress during the 2nd quarter valued at about $204,000. Finally, GM Advisory Group LLC purchased a new stake in shares of Cimpress in the first quarter valued at about $239,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Cimpress

In related news, CEO Robert S. Keane sold 396 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the sale, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Robert S. Keane sold 396 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $97.55, for a total value of $38,629.80. Following the completion of the transaction, the chief executive officer now owns 986,785 shares of the company’s stock, valued at $96,260,876.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Maarten Wensveen sold 1,317 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total transaction of $118,530.00. Following the sale, the executive vice president now directly owns 22,830 shares in the company, valued at $2,054,700. The disclosure for this sale can be found here. Insiders sold a total of 71,116 shares of company stock worth $7,019,606 over the last ninety days. Company insiders own 17.90% of the company’s stock.

Cimpress Price Performance

NASDAQ CMPR opened at $81.84 on Monday. The stock has a market capitalization of $2.05 billion, a P/E ratio of 25.26, a PEG ratio of 0.72 and a beta of 2.04. The firm’s 50-day moving average is $88.32 and its two-hundred day moving average is $88.08. Cimpress plc has a 12 month low of $57.01 and a 12 month high of $104.92.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $0.77 by $3.56. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. The firm had revenue of $832.61 million for the quarter, compared to analyst estimates of $832.90 million. As a group, analysts anticipate that Cimpress plc will post 4.4 EPS for the current year.

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.