Fred Durham III (Insider Trades), CEO of CafePress Inc. (PRSS), bought 9,570 shares of the company on March 7. The average price per share was $3.86 for a total transaction cost of $36,940. CafePress helps customers create unique and individualized designs and products. The company has a market cap of $61.51 million and a P/S ratio of 0.62.
There were no insider trades in 2013, however there were five insider sells of 53,995 shares and eight insider buys totaling 826,700 shares the following year. In 2015, there were no insider sells, but an increase of 26 insider buys compared to the previous year. Insider buy volume did not increase despite the rise in the number of insider buys from 2015 to 2014. There were five insider buys totaling 40,120 shares of PRSS at the time of Durham’s purchase mentioned above. Excluding the aforementioned transaction, Durham acquired 185,643 shares of PRSS in 12 transactions since 2013. Durham’s earliest purchase in this period of time consisted of 21,000 shares at an average per share price of $3.89. Ten percent owner, Lloyd Millar III (Insider Trades), also acquired 30,550 shares in four transactions from the beginning of 2016 to March 7. 
The increase in number of insider buys in 2015 correlates to a dip in month end price. Although month end price grew throughout 2015, it remained below $5 per share, which was well below the average month end price in 2014. For more information about insider transactions with CafePress Inc., click here.
CafePress reported net revenues of $39.696 million in the fourth quarter of 2015. This is down from $50.442 million reported in fourth quarter of the previous year. On the other hand, net income increased from $519,000 to $811,000 in the same period of time, causing net income per share to also rise to 8 cents. Durham commented that the structural changes made in 2015, “resulted in a sharper focus on [the company’s] core business, higher contribution margin, and positive Adjusted EDITDA from continuing operations despite a lower revenue base.” Annual revenue decreased 4% since 2011, but net income follows an increasing trend line. 
Jim Simons (Trades, Portfolio) increased his stake in the company during the last quarter of 2015, acquiring 20,600 shares at an average per share price of $4.25. Simons continued to add to the holding each quarter since the first quarter of 2014. For more information about guru transactions with PRSS, click here.
For more stock trades of gurus in real time, visit GuruFocus’ Real Time Picks, a Premium Feature. Not a Premium Member of GuruFocus? Try it free for 7 days here.
