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

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

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

• On Tuesday, December 24th, Cary Baker sold 499 shares of Impinj stock. The shares were 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 Price Performance

PI stock opened at $136.52 on Thursday. The business’s 50-day moving average is $166.12 and its two-hundred day moving average is $176.71. The firm has a market capitalization of $3.86 billion, a P/E ratio of 153.39 and a beta of 1.88. Impinj, Inc. has a 1 year low of $78.17 and a 1 year high of $239.88.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The firm had revenue of $95.20 million for the quarter, compared to analysts’ expectations of $92.86 million. During the same quarter last year, the company earned ($0.36) earnings per share. The firm’s revenue was up 46.5% compared to the same quarter last year. On average, analysts expect that Impinj, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on PI. 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 report on Thursday, October 24th. Susquehanna upped their price target on Impinj from $215.00 to $260.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Evercore ISI restated an “outperform” rating and set a $270.00 price target (up from $205.00) on shares of Impinj in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $224.60.

Institutional Investors Weigh In On Impinj

Institutional investors have recently modified their holdings of the company. State Street Corp increased its holdings in Impinj by 25.7% in the third quarter. State Street Corp now owns 1,078,676 shares of the company’s stock valued at $233,555,000 after buying an additional 220,776 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Impinj during the 2nd quarter worth about $30,116,000. Principal Financial Group Inc. boosted its position in shares of Impinj by 4,013.7% during the 3rd quarter. Principal Financial Group Inc. now owns 125,633 shares of the company’s stock worth $27,202,000 after acquiring an additional 122,579 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Impinj in the 3rd quarter valued at about $24,771,000. Finally, AXA S.A. acquired a new stake in shares of Impinj during the 2nd quarter worth about $11,574,000.

About Impinj

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.