28 August 2024
Cimpress Executive Sells Off Shares In Company.
Cimpress (parent of VistaPrint) has had record results recently
Cimpress (parent of VistaPrint) has had record results recently
 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.
VistaPrint Windsor Ontario plant and is Canada's second largest printers behind Transcontinental.
VistaPrint Windsor Ontario plant and is Canada's second largest printers behind Transcontinental.
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.
 
Comments:
1. Envelope Guy says:
29 August 2024 at 5:11 AM
A sale of 1,300 shares x $90 is 'significant'? Am I reading this correctly? 
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 ? 
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