Cimpress (NASDAQ:CMPR) Stock Price Up 6.5% on Insider Buying Activity

Cimpress plc (NASDAQ:CMPR)’s share price shot up 6.5% during trading on Monday following insider buying activity. The company traded as high as $44.66 and last traded at $44.61. 42,823 shares were traded during mid-day trading, a decline of 73% from the average session volume of 156,957 shares. The stock had previously closed at $41.88.

Specifically, CFO Sean Edward Quinn bought 5,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was purchased at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the transaction, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMPR shares. Truist Financial reduced their price target on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Barrington Research reiterated an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a report on Wednesday, January 29th. Finally, StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th.

Cimpress Trading Up 6.5 %

The firm’s fifty day moving average price is $58.85 and its 200-day moving average price is $72.79. The company has a market cap of $1.12 billion, a P/E ratio of 7.38, a P/E/G ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, research analysts forecast that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Institutional Trading of Cimpress

A number of large investors have recently added to or reduced their stakes in CMPR. ArrowMark Colorado Holdings LLC increased its position in Cimpress by 30.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider’s stock worth $63,406,000 after acquiring an additional 203,806 shares during the period. Janus Henderson Group PLC boosted its position in Cimpress by 6.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider’s stock worth $218,126,000 after buying an additional 194,034 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Cimpress by 31.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock worth $42,472,000 after purchasing an additional 141,942 shares during the period. Millennium Management LLC lifted its position in shares of Cimpress by 331.9% in the 4th quarter. Millennium Management LLC now owns 110,872 shares of the business services provider’s stock worth $7,952,000 after purchasing an additional 85,201 shares during the period. Finally, Norges Bank acquired a new position in shares of Cimpress in the 4th quarter worth approximately $3,544,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.