CafePress Inc. (PRSS) CEO Acquires $39,722.13 in Stock
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III bought 21,017 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $1.89 per share, for a total transaction of $39,722.13. Following the completion of the acquisition, the chief executive officer now directly owns 2,448,655 shares in the company, valued at $4,627,957.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
CafePress Inc. (PRSS) traded down 2.0808% during midday trading on Wednesday, hitting $1.9388. 4,180 shares of the stock were exchanged. CafePress Inc. has a one year low of $1.75 and a one year high of $3.72. The firm’s market capitalization is $32.59 million. The company has a 50 day moving average price of $2.20 and a 200 day moving average price of $2.73.
Separately, Zacks Investment Research downgraded shares of CafePress from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
Several hedge funds have recently made changes to their positions in PRSS. Blackhill Capital Inc. increased its stake in shares of CafePress by 7.1% in the first quarter. Blackhill Capital Inc. now owns 68,156 shares of the information services provider’s stock worth $206,000 after buying an additional 4,506 shares in the last quarter. Spark Investment Management LLC increased its stake in shares of CafePress by 31.0% in the first quarter. Spark Investment Management LLC now owns 55,800 shares of the information services provider’s stock worth $168,000 after buying an additional 13,200 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of CafePress by 68.2% in the first quarter. Goldman Sachs Group Inc. now owns 49,505 shares of the information services provider’s stock worth $150,000 after buying an additional 20,066 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of CafePress by 5.1% in the fourth quarter. Renaissance Technologies LLC now owns 545,000 shares of the information services provider’s stock worth $1,602,000 after buying an additional 26,200 shares in the last quarter. Institutional investors and hedge funds own 13.85% of the company’s stock.
CafePress Company Profile
CafePress Inc is an online retailer of personalized products offering various gifts and accessories, including t-shirts and apparel, mugs and drinkware, and home goods, such as custom shower curtains and bed coverings. The Company conducts its business on its primary United States-based domain, CafePress.com, and also operates CafePress branded Websites for the markets in the United Kingdom, Canada and Australia.
Receive News & Ratings for CafePress Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CafePress Inc. and related companies with MarketBeat.com's FREE daily email newsletter.