Impinj, Inc. (NASDAQ:PI) CFO Cary Baker Sells 324 Shares of Stock

Impinj, Inc. (NASDAQ:PIGet Rating) CFO Cary Baker sold 324 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $87.96, for a total transaction of $28,499.04. Following the completion of the sale, the chief financial officer now owns 34,569 shares in the company, valued at $3,040,689.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, August 25th, Cary Baker sold 1,452 shares of Impinj stock. The stock was sold at an average price of $95.55, for a total transaction of $138,738.60.
  • On Wednesday, August 3rd, Cary Baker sold 3,000 shares of Impinj stock. The stock was sold at an average price of $90.02, for a total transaction of $270,060.00.
  • On Friday, July 29th, Cary Baker sold 7,875 shares of Impinj stock. The stock was sold at an average price of $83.82, for a total transaction of $660,082.50.
  • On Wednesday, July 13th, Cary Baker sold 373 shares of Impinj stock. The stock was sold at an average price of $64.46, for a total transaction of $24,043.58.

Impinj Trading Up 2.9 %

NASDAQ:PI opened at $92.00 on Tuesday. Impinj, Inc. has a 1-year low of $39.74 and a 1-year high of $99.00. The firm has a fifty day simple moving average of $85.81 and a 200 day simple moving average of $64.99. The stock has a market capitalization of $2.36 billion, a PE ratio of -41.63 and a beta of 2.19.

Impinj (NASDAQ:PIGet Rating) last released its earnings results on Wednesday, July 27th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.11. Impinj had a negative net margin of 26.07% and a negative return on equity of 236.49%. The business had revenue of $59.80 million during the quarter, compared to analysts’ expectations of $55.12 million. During the same period last year, the business earned ($0.33) earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. On average, equities analysts predict that Impinj, Inc. will post -0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC raised their target price on shares of Impinj from $96.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. The Goldman Sachs Group raised their price target on shares of Impinj from $78.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Lake Street Capital raised their price target on shares of Impinj from $87.00 to $94.00 in a research note on Thursday, July 28th. Finally, Piper Sandler raised their price target on shares of Impinj from $80.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat, Impinj currently has an average rating of “Moderate Buy” and an average price target of $93.80.

Hedge Funds Weigh In On Impinj

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in shares of Impinj during the 1st quarter worth about $39,000. Vectors Research Management LLC bought a new stake in shares of Impinj during the 2nd quarter worth about $59,000. Quantbot Technologies LP bought a new stake in shares of Impinj during the 1st quarter worth about $101,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Impinj by 49.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,171 shares of the company’s stock worth $138,000 after buying an additional 722 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Impinj by 35.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,434 shares of the company’s stock worth $155,000 after buying an additional 643 shares during the period. 91.11% of the stock is owned by institutional investors.

Impinj Company Profile

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Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual 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.

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