Impinj, Inc. (NASDAQ:PI) CFO Cary Baker Sells 308 Shares of Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 308 shares of Impinj stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $149.94, for a total value of $46,181.52. Following the sale, the chief financial officer now owns 68,422 shares in the company, valued at approximately $10,259,194.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cary Baker also recently made the following trade(s):

• On Thursday, May 2nd, Cary Baker sold 10,000 shares of Impinj stock. The stock was sold at an average price of $159.08, for a total value of $1,590,800.00.
• On Monday, April 15th, Cary Baker sold 374 shares of Impinj stock. The stock was sold at an average price of $118.70, for a total value of $44,393.80.
• On Monday, March 25th, Cary Baker sold 1,062 shares of Impinj stock. The stock was sold at an average price of $127.61, for a total value of $135,521.82.

Impinj Stock Performance

Shares of PI opened at $147.17 on Wednesday. Impinj, Inc. has a twelve month low of $48.39 and a twelve month high of $175.41. The stock’s 50 day moving average is $152.15 and its two-hundred day moving average is $119.77. The company has a quick ratio of 6.87, a current ratio of 9.42 and a debt-to-equity ratio of 3.29.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, April 24th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.14. The business had revenue of $76.83 million for the quarter, compared to analyst estimates of $73.57 million. Impinj had a negative return on equity of 60.13% and a negative net margin of 1.90%. On average, equities analysts expect that Impinj, Inc. will post 0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PI shares. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. Piper Sandler reissued an “overweight” rating and set a $150.00 price target (up previously from $130.00) on shares of Impinj in a report on Thursday, April 25th. Roth Mkm raised their price target on Impinj from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Canaccord Genuity Group lifted their price objective on Impinj from $130.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Evercore ISI started coverage on Impinj in a report on Tuesday, April 16th. They issued an “outperform” rating and a $160.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.10.

Institutional Investors Weigh In On Impinj

Several institutional investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Impinj during the 1st quarter worth approximately $32,000. GAMMA Investing LLC acquired a new position in Impinj in the 4th quarter valued at $40,000. Headlands Technologies LLC acquired a new position in Impinj in the 4th quarter valued at $58,000. Whittier Trust Co. acquired a new position in Impinj in the 4th quarter valued at $90,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Impinj by 117.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock valued at $124,000 after acquiring an additional 521 shares during the last quarter.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.