Cimpress plc (NASDAQ:CMPR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in Cimpress plc (NASDAQ:CMPR) by 62.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,586 shares of the business services provider’s stock after selling 6,052 shares during the period. SG Americas Securities LLC’s holdings in Cimpress were worth $294,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Cimpress by 5.3% in 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 period. Dimensional Fund Advisors LP grew its position in Cimpress by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock worth $44,909,000 after acquiring an additional 4,441 shares during the period. Diamond Hill Capital Management Inc. grew its position in Cimpress by 15.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 423,526 shares of the business services provider’s stock worth $37,105,000 after acquiring an additional 57,427 shares during the period. Acadian Asset Management LLC grew its position in Cimpress by 11.0% in the second quarter. Acadian Asset Management LLC now owns 397,170 shares of the business services provider’s stock worth $34,776,000 after acquiring an additional 39,438 shares during the period. Finally, Lazard Asset Management LLC grew its position in Cimpress by 9,821.4% in the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after acquiring an additional 154,785 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cimpress

In related news, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total value of $4,489,767.90. Following the completion of the transaction, the chief executive officer now directly owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total value of $4,489,767.90. Following the completion of the transaction, the chief executive officer now directly owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert S. Keane sold 396 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 986,785 shares in the company, valued at approximately $96,260,876.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,116 shares of company stock worth $7,019,606. Company insiders own 17.90% of the company’s stock.

Cimpress Stock Down 1.1 %

CMPR opened at $78.37 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of 24.19, a P/E/G ratio of 0.69 and a beta of 2.03. The business has a fifty day simple moving average of $85.84 and a 200-day simple moving average of $87.12. Cimpress plc has a 52 week low of $57.01 and a 52 week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $3.56. The firm had revenue of $832.61 million during the quarter, compared to analyst estimates of $832.90 million. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. Sell-side analysts expect that Cimpress plc will post 4.4 earnings per share for the current year.

Analysts Set New Price Targets

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

About Cimpress

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.