Insider Buying: CafePress Inc. (NASDAQ:PRSS) CEO Buys 24,602 Shares of Stock
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III bought 24,602 shares of CafePress stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of $1.83 per share, with a total value of $45,021.66. Following the acquisition, the chief executive officer now directly owns 2,357,283 shares of the company’s stock, valued at $4,313,827.89. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of CafePress Inc. (NASDAQ:PRSS) traded up 0.55% during trading on Friday, hitting $1.84. The company’s stock had a trading volume of 53,867 shares. CafePress Inc. has a one year low of $1.75 and a one year high of $3.72. The company has a 50-day moving average price of $2.23 and a 200-day moving average price of $2.76. The stock’s market cap is $30.93 million.
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Separately, Zacks Investment Research cut CafePress from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th.
Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised 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 valued at $1,602,000 after buying an additional 26,200 shares during the period. Blackhill Capital Inc. raised its stake in shares of 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 during the period. Spark Investment Management LLC raised its stake in shares of 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 during the period. Finally, Goldman Sachs Group Inc. raised 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 valued at $150,000 after buying an additional 20,066 shares during the period. 13.85% of the stock is currently owned by institutional investors and hedge funds.
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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