Casper Sleep Inc. (NYSE:CSPR) Director Neil Parikh Sells 120,000 Shares of Stock

Casper Sleep Inc. (NYSE:CSPR) Director Neil Parikh sold 120,000 shares of Casper Sleep stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $7.22, for a total transaction of $866,400.00. Following the sale, the director now owns 1,111,478 shares of the company’s stock, valued at $8,024,871.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Neil Parikh also recently made the following trade(s):

  • On Friday, March 5th, Neil Parikh sold 16,030 shares of Casper Sleep stock. The stock was sold at an average price of $7.21, for a total transaction of $115,576.30.

Shares of NYSE CSPR opened at $7.48 on Thursday. The company has a 50-day moving average of $8.37 and a 200 day moving average of $7.43. Casper Sleep Inc. has a 12-month low of $4.27 and a 12-month high of $10.97. The stock has a market cap of $303.31 million and a PE ratio of -1.61.

Casper Sleep (NYSE:CSPR) last posted its quarterly earnings results on Tuesday, February 23rd. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.07. On average, research analysts anticipate that Casper Sleep Inc. will post -2.17 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Casper Sleep from a “buy” rating to a “hold” rating in a research report on Wednesday, February 17th. Morgan Stanley boosted their price target on Casper Sleep from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Wednesday, March 3rd. Citigroup lifted their target price on shares of Casper Sleep from $10.00 to $12.00 in a report on Thursday, February 25th. Finally, Roth Capital lifted their price objective on shares of Casper Sleep from $10.50 to $13.00 and gave the company a “buy” rating in a report on Wednesday, March 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.11.

Several institutional investors have recently bought and sold shares of CSPR. Citigroup Inc. grew its stake in Casper Sleep by 224.5% during the 4th quarter. Citigroup Inc. now owns 5,185 shares of the company’s stock worth $32,000 after purchasing an additional 3,587 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Casper Sleep by 28.2% during the fourth quarter. New York State Common Retirement Fund now owns 7,720 shares of the company’s stock worth $47,000 after buying an additional 1,700 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Casper Sleep by 25.7% during the third quarter. JPMorgan Chase & Co. now owns 9,434 shares of the company’s stock worth $64,000 after buying an additional 1,927 shares during the period. Twinbeech Capital LP purchased a new position in Casper Sleep in the fourth quarter worth approximately $70,000. Finally, Engineers Gate Manager LP acquired a new position in Casper Sleep during the 4th quarter worth approximately $90,000. 34.45% of the stock is currently owned by institutional investors and hedge funds.

Casper Sleep Company Profile

Casper Sleep Inc, together with its subsidiaries, designs and sells sleep products to consumers in the United States, Canada, and Europe. It offers a range of mattresses, pillows, sheets, duvets, bedroom furniture, sleep accessories, sleep technology, and other sleep-centric products and services. As of December 31, 2020, the company distributed its products through its e-commerce platform, 67 Casper retail stores, and 20 retail partners.

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