Impinj, Inc. (NASDAQ:PI) CFO Cary Baker Sells 374 Shares

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 374 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.70, for a total value of $44,393.80. Following the sale, the chief financial officer now owns 67,948 shares of the company’s stock, valued at $8,065,427.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, March 25th, Cary Baker sold 1,062 shares of Impinj stock. The stock was sold at an average price of $127.61, for a total value of $135,521.82.
• On Monday, March 18th, Cary Baker sold 306 shares of Impinj stock. The stock was sold at an average price of $123.55, for a total value of $37,806.30.
• On Friday, February 23rd, Cary Baker sold 4,829 shares of Impinj stock. The stock was sold at an average price of $101.17, for a total value of $488,549.93.
• On Monday, February 26th, Cary Baker sold 1,455 shares of Impinj stock. The stock was sold at an average price of $103.68, for a total transaction of $150,854.40.
• On Wednesday, February 14th, Cary Baker sold 20,000 shares of Impinj stock. The stock was sold at an average price of $102.14, for a total transaction of $2,042,800.00.

Impinj Price Performance

Shares of PI stock traded down $0.23 during trading hours on Wednesday, hitting $121.16. 212,150 shares of the company were exchanged, compared to its average volume of 367,482. Impinj, Inc. has a 52-week low of $48.39 and a 52-week high of $142.70. The company has a current ratio of 8.73, a quick ratio of 5.59 and a debt-to-equity ratio of 8.26. The firm has a fifty day simple moving average of $115.60 and a 200 day simple moving average of $91.31.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.11. Impinj had a negative net margin of 14.10% and a negative return on equity of 74.70%. The business had revenue of $70.65 million during the quarter, compared to analyst estimates of $67.10 million. On average, research analysts expect that Impinj, Inc. will post -0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of research analyst reports. Susquehanna increased their price objective on shares of Impinj from $115.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Evercore ISI initiated coverage on shares of Impinj in a research report on Tuesday. They set an “outperform” rating and a $160.00 price objective on the stock. Needham & Company LLC increased their price objective on shares of Impinj from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Canaccord Genuity Group increased their price objective on shares of Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, The Goldman Sachs Group raised their price target on shares of Impinj from $89.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, Impinj presently has an average rating of “Moderate Buy” and an average target price of $119.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of Impinj during the 1st quarter worth $32,000. American International Group Inc. lifted its holdings in shares of Impinj by 1.1% during the 4th quarter. American International Group Inc. now owns 11,601 shares of the company’s stock worth $1,044,000 after acquiring an additional 122 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Impinj by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,977 shares of the company’s stock worth $1,259,000 after acquiring an additional 654 shares during the last quarter. Sylebra Capital LLC lifted its holdings in shares of Impinj by 6.3% during the 4th quarter. Sylebra Capital LLC now owns 4,197,352 shares of the company’s stock worth $377,888,000 after acquiring an additional 248,786 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Impinj by 10.7% during the 4th quarter. Legal & General Group Plc now owns 23,993 shares of the company’s stock worth $2,160,000 after acquiring an additional 2,326 shares during 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.