In a recent move, Florian Baumgartner, EVP and CEO of Vista at Cimpress plc (NASDAQ:CMPR), engaged in significant trading of company shares. According to the latest filings, Baumgartner sold a total of $408,801 worth of ordinary shares, with individual transactions ranging between $91.3339 and $94.072 per share.
The executive's transactions included the sale of 1,330 shares at an average price of $91.3339, 2,125 shares at an average price of $92.2087, 655 shares at an average price of $93.2717, and 322 shares at an average price of $94.072. These sales took place under a pre-arranged 10b5-1 trading plan, which allows company insiders to set up a trading schedule in advance to avoid any accusations of trading on inside information.
In addition to the sales, Baumgartner also acquired shares through the automatic vesting of restricted share units (RSUs), with 8,263 and 1,025 ordinary shares vested at a price of $0.0. These vested shares represent Cimpress' commitment to issue one ordinary share for each RSU as part of the executive's compensation package.
On the flip side, Baumgartner disposed of 4,412 ordinary shares through a transaction coded as "F" for a total value of $411,154 at a price of $93.19 per share. The nature of this transaction was not detailed in the filings.
Cimpress, known for its commercial printing services and as the parent company of Vista, has not publicly commented on these transactions. The trades are part of the regular financial disclosures that executives are required to make regarding their stock activities in the company.
Investors often monitor insider buying and selling as it can provide insights into the executive's view of the company's future performance. Baumgartner's recent transactions show a balance of acquiring shares through compensation mechanisms and selling shares, which is a common practice among executives to diversify their investment portfolios or for personal financial planning.
For those interested in the full details of the transactions, including the exact number of shares sold at each price point, Baumgartner has indicated a willingness to provide this information upon request, as noted in the footnotes of the filing.
InvestingPro Insights
As Florian Baumgartner, EVP and CEO of Vista at Cimpress plc, navigates the trading of company shares, investors and market watchers are keen to understand the financial health and performance of the company. Cimpress has demonstrated a strong return over the last year, with the InvestingPro Data showing a one-year price total return of 122.65%. This robust performance is further highlighted by the stock's significant appreciation over the last six months, marking a 50.41% price total return in that period.
Despite such impressive returns, Cimpress is trading at a high earnings multiple, with a current P/E ratio of 57.48. However, when adjusted for the last twelve months as of Q2 2024, the P/E ratio appears more favorable at 37.73, indicating potential for growth relative to near-term earnings. This is supported by a PEG ratio of 0.51 for the same period, suggesting that the company's earnings growth rate is outpacing the P/E ratio, which could be an attractive point for investors seeking growth opportunities.
An InvestingPro Tip notes that Cimpress does not pay a dividend to shareholders, which might be a consideration for income-focused investors. However, for those interested in capital gains, the company's recent price uptick and strong return over the last three months, which stands at 33.33%, could be of interest. It's also worth noting that Cimpress has been profitable over the last twelve months, with a gross profit margin of 47.98%.
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