Maarten Wensveen, Executive Vice President and Chief Technology Officer of Cimpress PLC (NASDAQ:CMPR), sold 1,317 shares of the company's stock on August 22, 2024. The transaction was reported in a recent SEC filing. With this sale, the insider now owns 22,830 shares of Cimpress PLC stock.
Cimpress PLC is a global leader in mass customization. The company empowers personal expression by making it easy and affordable to customize marketing materials and products, including print, signage, apparel, gifts and packaging.
In the past year, insiders have sold a total of 19,043 shares, but made no purchases. This recent sale is part of a broader trend we are seeing within the company, where there have been 19 insider sales and no insider purchases in the past year.
On the day of the sale, Cimpress PLC shares were trading at $90 per share. This pricing gives the company a market capitalization of approximately $2.36 billion. The price-to-earnings ratio is 14.62, below the industry average of 17.74 and the company's historical average.
According to GF Value, Cimpress PLC's intrinsic value is estimated at $72.53 per share, giving the stock a price-to-GF Value ratio of 1.24, making the stock slightly overvalued.
GF Value is calculated based on historical trading multiples such as price-to-earnings, price-to-sales, price-to-book and price-to-free cash flow multiples, adjusted for a company's past performance and expected future business results.
Insider Sale: EVP and CTO Maarten Wensveen sells shares in Cimpress PLC (CMPR)
Insider Sale: EVP and CTO Maarten Wensveen sells shares in Cimpress PLC (CMPR)
This insider selling is likely to grab the attention of investors who track insider activity, especially considering Cimpress PLC's share valuation and the overall propensity for selling among insiders.
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