Insider Selling: CafePress Inc. (PRSS) Major Shareholder Sells 2,869,258 Shares of Stock
CafePress Inc. (NASDAQ:PRSS) major shareholder Sequoia Capital Enterpreneurs sold 2,869,258 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $1.75, for a total transaction of $5,021,201.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Sequoia Capital Enterpreneurs also recently made the following trade(s):
- On Friday, September 22nd, Sequoia Capital Enterpreneurs sold 33,525 shares of CafePress stock. The stock was sold at an average price of $1.56, for a total transaction of $52,299.00.
Shares of CafePress Inc. (PRSS) traded up 2.15% during mid-day trading on Tuesday, hitting $1.90. 39,821 shares of the company’s stock traded hands. CafePress Inc. has a 52 week low of $1.68 and a 52 week high of $3.72. The company’s market cap is $31.94 million. The firm has a 50-day moving average of $2.07 and a 200 day moving average of $2.44.
A number of large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in CafePress by 68.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,505 shares of the information services provider’s stock worth $150,000 after acquiring an additional 20,066 shares during the last quarter. Spark Investment Management LLC increased its position in CafePress by 31.0% in the 1st quarter. Spark Investment Management LLC now owns 55,800 shares of the information services provider’s stock valued at $168,000 after acquiring an additional 13,200 shares during the period. Blackhill Capital Inc. increased its position in CafePress by 38.8% in the 2nd quarter. Blackhill Capital Inc. now owns 94,605 shares of the information services provider’s stock valued at $235,000 after acquiring an additional 26,449 shares during the period. Finally, Renaissance Technologies LLC increased its position in CafePress by 8.3% in the 1st quarter. Renaissance Technologies LLC now owns 590,000 shares of the information services provider’s stock valued at $1,782,000 after acquiring an additional 45,000 shares during the period. Institutional investors and hedge funds own 10.83% of the company’s stock.
PRSS has been the subject of a number of recent research reports. ValuEngine downgraded shares of CafePress from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Zacks Investment Research lowered shares of CafePress from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
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.
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