Allspring Global Investments Holdings LLC Has $630,000 Position in Cimpress plc (NASDAQ:CMPR)

Allspring Global Investments Holdings LLC trimmed its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 90.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,696 shares of the business services provider's stock after selling 72,298 shares during the period. Allspring Global Investments Holdings LLC's holdings in Cimpress were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMPR. CWM LLC boosted its stake in shares of Cimpress by 166.3% during the 2nd quarter. CWM LLC now owns 831 shares of the business services provider's stock worth $73,000 after acquiring an additional 519 shares during the period. Principal Financial Group Inc. bought a new position in Cimpress during the first quarter worth $200,000. Legacy Capital Group California Inc. acquired a new position in shares of Cimpress in the second quarter valued at $202,000. Optimist Retirement Group LLC bought a new position in shares of Cimpress in the second quarter valued at about $204,000. Finally, GM Advisory Group LLC acquired a new stake in shares of Cimpress during the 1st quarter worth about $239,000. 77.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Maarten Wensveen sold 1,317 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 22,830 shares in the company, valued at approximately $2,054,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Cimpress news, CEO Robert S. Keane sold 396 shares of the business'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 transaction of $38,629.80. Following the completion of the transaction, the chief executive officer now directly owns 986,785 shares in the company, valued at $96,260,876.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maarten Wensveen sold 1,317 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total value of $118,530.00. Following the sale, the executive vice president now owns 22,830 shares of the company's stock, valued at $2,054,700. The trade was a 0.00 % 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 valued at $7,019,606 over the last 90 days. 17.80% of the stock is owned by corporate insiders.

Cimpress Stock Performance

NASDAQ:CMPR traded up $2.24 during mid-day trading on Friday, reaching $71.25. 247,631 shares of the company's stock were exchanged, compared to its average volume of 128,279. Cimpress plc has a one year low of $58.01 and a one year high of $104.92. The business's fifty day simple moving average is $83.47 and its two-hundred day simple moving average is $85.80. The firm has a market capitalization of $1.80 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.58 and a beta of 2.05.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its earnings results 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. The company had revenue of $832.61 million for the quarter, compared to analysts' expectations of $832.90 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.05%. As a group, equities research analysts forecast that Cimpress plc will post 4.4 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CMPR. Truist Financial decreased their price target on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday. StockNews.com raised Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Finally, Barrington Research lifted their price target on Cimpress from $113.00 to $119.00 and gave the stock an "outperform" rating in a report on Tuesday, August 27th.

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.