Impinj, Inc. (NASDAQ:PI) CFO Sells $38,795.25 in Stock

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.

Impinj (NASDAQ:PI – Get Rating) last announced its earnings results on Wednesday, February 8th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Impinj had a negative return on equity of 62,026.59% and a negative net margin of 9.43%. The company had revenue of $76.59 million for the quarter, compared to analyst estimates of $76.20 million. On average, analysts forecast that Impinj, Inc. will post 0.13 EPS for the current fiscal year.

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

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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.