Cimpress plc (NASDAQ:CMPR) Shares Acquired by Cwm LLC

Cwm LLC raised its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 51.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,258 shares of the business services provider’s stock after purchasing an additional 427 shares during the quarter. Cwm LLC’s holdings in Cimpress were worth $103,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in shares of Cimpress during the 1st quarter valued at $200,000. Legacy Capital Group California Inc. purchased a new stake in shares of Cimpress during the second quarter valued at $202,000. Optimist Retirement Group LLC acquired a new position in shares of Cimpress in the 2nd quarter valued at $204,000. GM Advisory Group LLC acquired a new position in shares of Cimpress in the 1st quarter valued at $239,000. Finally, Los Angeles Capital Management LLC purchased a new position in Cimpress in the 1st quarter worth about $245,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Truist Financial upped their price objective on shares of Cimpress from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 14th. Finally, Barrington Research raised their price objective on shares of Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th.

Cimpress Trading Down 0.2 %

NASDAQ:CMPR opened at $75.86 on Friday. The business’s fifty day moving average price is $84.96 and its 200 day moving average price is $86.50. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.65 and a beta of 2.03. Cimpress plc has a 1-year low of $57.01 and a 1-year high of $104.92.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, July 31st. The business services provider reported $4.33 earnings per share for the quarter, beating the consensus estimate of $0.77 by $3.56. The company had revenue of $832.61 million for the quarter, compared to analysts’ expectations of $832.90 million. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. Equities analysts forecast that Cimpress plc will post 4.4 earnings per share for the current year.

Insider Activity at Cimpress

In other Cimpress news, CEO Robert S. Keane sold 45,310 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $99.09, for a total value of $4,489,767.90. Following the completion of the sale, the chief executive officer now owns 1,012,890 shares in the company, valued at $100,367,270.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Robert S. Keane sold 45,310 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the transaction, the chief executive officer now directly owns 1,012,890 shares in the company, valued at $100,367,270.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sean Edward Quinn sold 24,093 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total transaction of $2,372,678.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,116 shares of company stock valued at $7,019,606. Corporate insiders own 17.80% of the company’s stock.

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.