In a recent transaction, Florian Baumgartner, EVP and CEO of Vista at Cimpress plc (NASDAQ:CMPR), sold a significant number of company shares. The executive disposed of 3,174 ordinary shares at prices ranging from $85.1273 to $85.609, totaling approximately $270,187. Additionally, 236 shares were sold at a price range between $85.66 and $86.22, adding up to around $20,271. Together, the sales amounted to over $290,000.
On the same day, Baumgartner also acquired shares through two separate transactions. A total of 5,101 ordinary shares were acquired at prices ranging from $0 to $46.2, amounting to $157,542. It's noteworthy that these transactions were executed pursuant to a Rule 10b5-1 trading plan, which Baumgartner adopted on December 14, 2023.
The transactions occurred on May 15, 2024, and were reported in a Form 4 filing with the Securities and Exchange Commission. Following these transactions, Baumgartner's direct holdings in Cimpress ordinary shares have adjusted to a total of 29,804 shares.
These moves by a high-ranking executive come as part of the regular financial activities that insiders of publicly traded companies may undertake. For investors, these transactions provide a glimpse into the actions of company insiders, potentially reflecting their confidence in the company's future prospects.
InvestingPro Insights
Following the recent insider transactions at Cimpress plc (NASDAQ:CMPR), investors may find additional context in the company's financial health and market performance through real-time data from InvestingPro. As of the last twelve months as of Q3 2024, Cimpress boasts an impressive gross profit margin of 48.29%, highlighting the company's ability to maintain profitability. This aligns with one of the InvestingPro Tips, which notes the company's impressive gross profit margins.
The company's market capitalization stands at $2.15 billion, with a price-to-earnings (P/E) ratio of 25.1, adjusted for the same period. This relatively low P/E ratio in relation to near-term earnings growth suggests that the stock could be undervalued, a point underscored by another InvestingPro Tip. Additionally, Cimpress has experienced a substantial one-year price total return of 73.12%, which speaks to a high return over the last year, even as the stock price remains at 84.66% of its 52-week high.
It's important to note that Cimpress does not pay a dividend to shareholders, which may be a consideration for income-focused investors. However, the high shareholder yield, as indicated by another InvestingPro Tip, suggests that the company is returning value to shareholders through means other than dividends, such as share buybacks—a strategy that management has been aggressively pursuing.
For investors seeking a deeper analysis, InvestingPro offers additional tips on Cimpress plc, providing a comprehensive understanding of the company's financials and market standing. To access these insights and more, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 9 InvestingPro Tips available, investors can equip themselves with a well-rounded view of Cimpress's investment potential.
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