Cimpress plc (NASDAQ:CMPR) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its holdings in Cimpress plc (NASDAQ:CMPR) by 69.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,864 shares of the business services provider’s stock after selling 15,370 shares during the quarter. GSA Capital Partners LLP’s holdings in Cimpress were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CMPR. Swiss National Bank increased its stake in Cimpress by 0.9% in the first quarter. Swiss National Bank now owns 34,100 shares of the business services provider’s stock valued at $3,018,000 after purchasing an additional 300 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Cimpress by 4.6% during the first quarter. Russell Investments Group Ltd. now owns 16,039 shares of the business services provider’s stock worth $1,422,000 after acquiring an additional 712 shares during the last quarter. ProShare Advisors LLC increased its stake in Cimpress by 8.6% during the first quarter. ProShare Advisors LLC now owns 3,238 shares of the business services provider’s stock worth $287,000 after acquiring an additional 257 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Cimpress by 47.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 7,515 shares of the business services provider’s stock worth $665,000 after acquiring an additional 2,420 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Cimpress by 5.3% during the first quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after acquiring an additional 91,543 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cimpress

In other news, EVP Maarten Wensveen sold 1,317 shares of the 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 approximately $2,054,700. This represents a 5.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert S. Keane sold 396 shares of the stock in a transaction that occurred 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 $96,260,876.75. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,116 shares of company stock worth $7,019,606 over the last quarter. 17.80% of the stock is owned by corporate insiders.

Cimpress Price Performance

Shares of NASDAQ CMPR opened at $77.03 on Wednesday. Cimpress plc has a 1-year low of $58.05 and a 1-year high of $104.92. The business has a 50-day moving average of $79.67 and a 200-day moving average of $85.02. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.67 and a beta of 2.05.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The business had revenue of $804.97 million during the quarter, compared to analysts’ expectations of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same period in the prior year, the company posted $0.17 EPS. Research analysts expect that Cimpress plc will post 4.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on CMPR shares. Barrington Research upped their price target on Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Truist Financial decreased their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, StockNews.com downgraded Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th.

Cimpress 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.