Cimpress plc (NASDAQ:CMPR) executive Florian Baumgartner, EVP and CEO of Vista, recently engaged in transactions involving the company's ordinary shares, according to a new SEC filing. Baumgartner sold a total of 5,683 shares, resulting in a collective sale value exceeding $527,000. The transactions took place on March 21, 2024, with sale prices ranging from $92.17 to $93.79 per share.
In a separate transaction on the same day, Baumgartner also acquired 5,683 shares at a price of $46.20 each, amounting to a total of approximately $262,554. These transactions were carried out under a pre-arranged 10b5-1 trading plan, which Baumgartner had adopted on December 14, 2023.
The 10b5-1 trading plan allows corporate insiders to set up a predetermined schedule to buy or sell company shares at a time when they are not in possession of material non-public information. This approach is intended to prevent accusations of insider trading and provide a systematic method for executives to manage their equity compensation and personal investment goals.
Following the sales, Baumgartner's direct ownership in Cimpress plc stands at 33,793 ordinary shares. The company, which has a history of name changes, with former names including Vistaprint N.V. and Cimpress N.V., is known for its commercial printing services and operates under the trading symbol CMPR on the NASDAQ.
Investors often monitor the buying and selling activities of company executives as these transactions can provide insights into their confidence in the company's current operations and future prospects. Baumgartner's recent transactions are part of the ongoing financial activities of Cimpress plc's executives, which are regularly disclosed to the public and the investing community through SEC filings.
InvestingPro Insights
Amidst the recent transactions by Cimpress plc (NASDAQ:CMPR) executive Florian Baumgartner, investors are scrutinizing the company's financial health and stock performance. Cimpress has shown a notable 172.9% one-year price total return, reflecting a robust uptrend in the stock value. This aligns with one of the InvestingPro Tips highlighting a high return over the last year, suggesting that shareholders have been rewarded handsomely in this period.
The company's current market capitalization stands at $2.46 billion, with a forward-looking P/E ratio for the last twelve months as of Q2 2024 at 37.46. This adjusted P/E ratio indicates that the company is trading at a lower multiple relative to its near-term earnings growth, which could be attractive to value investors looking for growth at a reasonable price. Moreover, the PEG ratio of 0.5 further emphasizes the potential value, as it suggests that the stock may be undervalued based on its earnings growth rate.
While Baumgartner's transactions indicate active management of his investment in the company, potential investors should be aware of another InvestingPro Tip which points out that the stock price movements for Cimpress are quite volatile. This volatility is an important consideration for those looking to invest, as it may impact short-term investment strategies.
For investors keen on exploring more about Cimpress, additional InvestingPro Tips are available, offering deeper insights into the company's financials and stock performance. These tips can be accessed through InvestingPro's dedicated page for Cimpress at https://www.investing.com/pro/CMPR. Moreover, users can benefit from an exclusive offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more valuable investment information.
With a total of 8 additional InvestingPro Tips listed, investors can gain a comprehensive understanding of Cimpress plc's financial position and potential investment opportunities.
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