Cary Baker Sells 496 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 496 shares of Impinj stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $209.17, for a total transaction of $103,748.32. Following the completion of the transaction, the chief financial officer now directly owns 70,524 shares of the company’s stock, valued at $14,751,505.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, July 15th, Cary Baker sold 356 shares of Impinj stock. The shares were sold at an average price of $175.42, for a total transaction of $62,449.52.

Impinj Price Performance

Impinj stock opened at $217.83 on Friday. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of -622.37 and a beta of 1.78. The firm has a 50-day moving average of $167.65 and a two-hundred day moving average of $154.27. Impinj, Inc. has a 1 year low of $48.39 and a 1 year high of $220.17.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $102.50 million during the quarter, compared to analyst estimates of $97.47 million. Impinj had a negative return on equity of 21.12% and a net margin of 3.93%. Impinj’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) earnings per share. Research analysts expect that Impinj, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

PI has been the topic of a number of recent research reports. Roth Mkm upped their price objective on Impinj from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Needham & Company LLC restated a “buy” rating and set a $195.00 price target on shares of Impinj in a report on Thursday, July 25th. Susquehanna lifted their price objective on shares of Impinj from $150.00 to $215.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Evercore ISI increased their target price on shares of Impinj from $172.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $187.10.

Hedge Funds Weigh In On Impinj

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its stake in shares of Impinj by 7.3% during the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock valued at $432,000 after purchasing an additional 190 shares in the last quarter. Rhumbline Advisers boosted its position in Impinj by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 32,900 shares of the company’s stock valued at $5,158,000 after acquiring an additional 248 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Impinj during the 1st quarter valued at $32,000. Arizona State Retirement System increased its holdings in shares of Impinj by 4.1% in the 2nd quarter. Arizona State Retirement System now owns 6,581 shares of the company’s stock valued at $1,032,000 after acquiring an additional 261 shares during the period. Finally, nVerses Capital LLC raised its position in shares of Impinj by 75.0% in the 2nd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $110,000 after acquiring an additional 300 shares in the last quarter.

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.