In a recent transaction, Florian Baumgartner, the Executive Vice President and CEO of Vista at Cimpress plc (NASDAQ:CMPR), sold a significant number of company shares, according to a Form 4 filing with the Securities and Exchange Commission. Baumgartner offloaded a total of 5,683 ordinary shares at an average price of $46.20, amounting to $262,554 in total.
On the same day, the executive engaged in further transactions, selling 2,066 ordinary shares at prices ranging from $88.87 to $89.83, totaling approximately $184,770. Another batch of 3,617 shares was sold at prices between $89.88 and $90.84, with these sales amounting to approximately $326,516. The combined value of these sales transactions reached over $500,000, showcasing a notable change in Baumgartner's stake in the company.
The transactions were conducted under a prearranged 10b5-1 trading plan, which Baumgartner had adopted on December 14, 2023. This plan allows company insiders to establish predetermined trading arrangements for selling stocks at a time when they are not in possession of material non-public information.
Cimpress plc is known for its specialization in commercial printing and operates under various brands, including the well-known VistaPrint. The company's shares are publicly traded on the NASDAQ stock exchange under the ticker symbol CMPR.
Investors often monitor insider transactions as they may provide insights into the executive's view of the company's current valuation and future prospects. However, it is also common for executives to sell shares for personal financial planning, diversification, or other reasons not necessarily connected to their outlook on the company's future performance.
Following these transactions, Florian Baumgartner's ownership in Cimpress has adjusted, but he remains a key executive within the company, continuing his role in overseeing the Vista brand.
InvestingPro Insights
Amid the recent insider trading activity by Florian Baumgartner, Executive Vice President and CEO of Vista at Cimpress plc (NASDAQ:CMPR), investors are keen to understand the company's current financial standing. Cimpress, with a market capitalization of $2.44 billion, is trading at a forward P/E ratio of 37.73, which suggests the market is optimistic about its earnings growth in the near term. This aligns with an InvestingPro Tip that highlights the company's stock as trading at a low P/E ratio relative to near-term earnings growth. For more in-depth analysis, investors can explore additional InvestingPro Tips at https://www.investing.com/pro/CMPR.
The company's revenue for the last twelve months as of Q2 2024 stood at $3.21 billion, with a gross profit margin of 47.98%, indicating a strong ability to retain earnings after the cost of goods sold. Cimpress has also experienced a substantial 108.99% return over the past year, which may be a contributing factor to Baumgartner's decision to sell shares, as per another InvestingPro Tip.
Despite the positive revenue growth and profit margins, Cimpress does not pay dividends to shareholders, which could influence investors seeking regular income streams. With the next earnings date approaching on May 1, 2024, those interested in Cimpress's financial future may benefit from the 10 additional InvestingPro Tips available, which provide a broader perspective on the company's performance and outlook.
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