Impinj, Inc. (NASDAQ:PI – Get Rating) CFO Cary Baker sold 299 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $129.75, for a total transaction of $38,795.25. Following the transaction, the chief financial officer now owns 43,539 shares of the company’s stock, valued at approximately $5,649,185.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cary Baker also recently made the following trade(s):
- On Monday, February 27th, Cary Baker sold 5,202 shares of Impinj stock. The shares were sold at an average price of $127.72, for a total transaction of $664,399.44.
- On Friday, February 10th, Cary Baker sold 5,000 shares of Impinj stock. The shares were sold at an average price of $120.54, for a total value of $602,700.00.
- On Friday, January 13th, Cary Baker sold 404 shares of Impinj stock. The stock was sold at an average price of $120.57, for a total value of $48,710.28.
Impinj Stock Performance
NASDAQ PI opened at $126.13 on Friday. The company has a quick ratio of 5.40, a current ratio of 6.49 and a debt-to-equity ratio of 17.97. The business’s fifty day moving average is $127.96 and its two-hundred day moving average is $110.59. Impinj, Inc. has a 1 year low of $39.74 and a 1 year high of $144.90.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Needham & Company LLC increased their price target on Impinj from $130.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. The Goldman Sachs Group raised their target price on shares of Impinj from $111.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, February 10th. StockNews.com initiated coverage on shares of Impinj in a research report on Thursday. They set a “sell” rating on the stock. Lake Street Capital increased their price objective on shares of Impinj from $132.00 to $135.00 in a report on Thursday, February 9th. Finally, Piper Sandler boosted their target price on Impinj from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.75.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in PI. Strs Ohio acquired a new position in Impinj during the fourth quarter valued at $32,000. Advisors Asset Management Inc. acquired a new position in shares of Impinj in the 1st quarter valued at about $39,000. Vectors Research Management LLC purchased a new stake in shares of Impinj in the second quarter worth approximately $59,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Impinj by 671.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 540 shares of the company’s stock worth $59,000 after purchasing an additional 470 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in Impinj by 31.7% during the third quarter. Great West Life Assurance Co. Can now owns 1,104 shares of the company’s stock valued at $88,000 after purchasing an additional 266 shares in the last quarter. 97.32% of the stock is currently owned by institutional investors and hedge funds.
Impinj Company Profile
IImpinj, Inc engages in the development and sale of radio frequency identification solutions. The company was founded by Christopher Diorio in April 2000 and is headquartered in Seattle, WA.
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