CafePress Inc. (PRSS) CEO Buys $27,642.30 in Stock
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III acquired 13,163 shares of the stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average price of $2.10 per share, for a total transaction of $27,642.30. Following the purchase, the chief executive officer now directly owns 2,529,764 shares in the company, valued at $5,312,504.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of CafePress Inc. (NASDAQ:PRSS) traded up 2.42% during trading on Thursday, hitting $2.12. 14,533 shares of the stock traded hands. The firm’s market cap is $35.64 million. CafePress Inc. has a 52-week low of $1.75 and a 52-week high of $3.72. The stock has a 50 day moving average of $2.11 and a 200 day moving average of $2.66.
A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in CafePress by 8.3% in the first quarter. Renaissance Technologies LLC now owns 590,000 shares of the information services provider’s stock valued at $1,782,000 after buying an additional 45,000 shares in the last quarter. Blackhill Capital Inc. raised its stake in CafePress by 38.8% in the second quarter. Blackhill Capital Inc. now owns 94,605 shares of the information services provider’s stock valued at $235,000 after buying an additional 26,449 shares in the last quarter. Spark Investment Management LLC raised its stake in CafePress by 37.8% in the second quarter. Spark Investment Management LLC now owns 76,900 shares of the information services provider’s stock valued at $190,000 after buying an additional 21,100 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in CafePress by 68.2% in the first quarter. Goldman Sachs Group Inc. now owns 49,505 shares of the information services provider’s stock valued at $150,000 after buying an additional 20,066 shares in the last quarter. Hedge funds and other institutional investors own 10.83% of the company’s stock.
Separately, Zacks Investment Research cut shares of CafePress from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.
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.
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