Impinj, Inc. (NASDAQ:PI) CFO Sells $62,449.52 in Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 356 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $175.42, for a total value of $62,449.52. Following the sale, the chief financial officer now owns 69,760 shares in the company, valued at $12,237,299.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, June 24th, Cary Baker sold 503 shares of Impinj stock. The stock was sold at an average price of $147.64, for a total transaction of $74,262.92.
• On Monday, June 17th, Cary Baker sold 308 shares of Impinj stock. The shares were sold at an average price of $149.94, for a total transaction of $46,181.52.
• On Thursday, May 2nd, Cary Baker sold 10,000 shares of Impinj stock. The shares were sold at an average price of $159.08, for a total transaction of $1,590,800.00.

Impinj Price Performance

PI opened at $174.89 on Friday. Impinj, Inc. has a 1 year low of $48.39 and a 1 year high of $180.00. The company has a debt-to-equity ratio of 3.29, a current ratio of 9.42 and a quick ratio of 6.87. The company’s 50 day simple moving average is $160.75 and its 200 day simple moving average is $130.27.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.14. The company had revenue of $76.83 million during the quarter, compared to analysts’ expectations of $73.57 million. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. On average, equities analysts forecast that Impinj, Inc. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On Impinj

A number of large investors have recently modified their holdings of PI. Future Financial Wealth Managment LLC acquired a new stake in shares of Impinj in the first quarter worth $32,000. GAMMA Investing LLC acquired a new stake in Impinj in the 4th quarter valued at $40,000. Headlands Technologies LLC purchased a new position in Impinj in the fourth quarter valued at about $58,000. Whittier Trust Co. acquired a new position in shares of Impinj during the fourth quarter worth about $90,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Impinj by 117.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock worth $124,000 after buying an additional 521 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group began coverage on Impinj in a research note on Monday, May 13th. They issued a “buy” rating and a $200.00 target price on the stock. Roth Mkm upped their price objective on Impinj from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. StockNews.com cut Impinj from a “hold” rating to a “sell” rating in a research report on Tuesday, May 21st. Piper Sandler upped their target price on shares of Impinj from $150.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Cantor Fitzgerald began coverage on shares of Impinj in a report on Thursday. They set an “overweight” rating and a $205.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.60.

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.