Cary Baker Sells 290 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 290 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $140.96, for a total transaction of $40,878.40. Following the completion of the transaction, the chief financial officer now owns 71,754 shares in the company, valued at approximately $10,114,443.84. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, December 24th, Cary Baker sold 499 shares of Impinj stock. The stock was sold at an average price of $146.06, for a total transaction of $72,883.94.
• On Monday, October 28th, Cary Baker sold 15,000 shares of Impinj stock. The shares were sold at an average price of $204.90, for a total transaction of $3,073,500.00.

Impinj Trading Up 2.0 %

PI traded up $2.99 on Tuesday, reaching $149.31. The stock had a trading volume of 473,899 shares, compared to its average volume of 410,137. The firm has a 50-day moving average of $168.32 and a 200-day moving average of $177.04. Impinj, Inc. has a fifty-two week low of $78.17 and a fifty-two week high of $239.88. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 167.76 and a beta of 1.88.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The business had revenue of $95.20 million during the quarter, compared to analyst estimates of $92.86 million. During the same quarter last year, the business earned ($0.36) EPS. The firm’s quarterly revenue was up 46.5% on a year-over-year basis. Sell-side analysts anticipate that Impinj, Inc. will post 0.4 EPS for the current fiscal year.

Institutional Trading of Impinj

Several institutional investors have recently modified their holdings of PI. National Bank of Canada FI acquired a new position in Impinj during the 3rd quarter worth about $30,000. Farther Finance Advisors LLC raised its position in shares of Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after acquiring an additional 141 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Impinj in the third quarter worth approximately $54,000. Asset Management One Co. Ltd. bought a new stake in Impinj in the third quarter valued at approximately $138,000. Finally, USA Financial Formulas increased its position in Impinj by 82.0% during the 3rd quarter. USA Financial Formulas now owns 657 shares of the company’s stock valued at $142,000 after purchasing an additional 296 shares during the period.

Analyst Upgrades and Downgrades

PI has been the topic of a number of recent research reports. Piper Sandler restated an “overweight” rating and set a $235.00 price objective (up previously from $225.00) on shares of Impinj in a research note on Thursday, October 24th. Needham & Company LLC upped their price objective on shares of Impinj from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Cantor Fitzgerald upped their price target on shares of Impinj from $205.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.60.

Impinj Company Profile

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.