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28 August 2024
Cimpress Executive Sells Off Shares In Company.
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Cimpress (parent of VistaPrint) reported a significant transaction by one of its top executives. Maarten Wensveen, the company's EVP and Chief Technology Officer, sold 1,317 ordinary shares at a price of $90.0 each. This transaction took place on August 22, 2024. The sale was disclosed in a regulatory filing with the Securities and Exchange Commission.
Following the sale, Wensveen still owns 22,830 shares of Cimpress plc. Cimpress (patent company of Vistaprint) recently reported revenue was up 6.65% to $3.08bn , profits improved to $340m from $281m the prior year. Vista, the biggest business, grew sales by 6.5% to $1.61bn, while its EBITDA was $224m. indicating a continued investment in the company's future despite the recent sale.
Cimpress (parent of VistaPrint) has had record results recently
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VistaPrint Windsor Ontario plant and is Canada's second largest printers behind Transcontinental.
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Editor's note. It did appear as a topic in the financial press with writers
commeting on it. When a senior executive sells of shares when a company
is doing well . Questions get asked . Has the price of the shares peaked ?