Impinj, Inc. (NASDAQ:PI) CFO Cary Baker Sells 366 Shares

Impinj, Inc. (NASDAQ:PIGet Free Report) CFO Cary Baker sold 366 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $237.83, for a total transaction of $87,045.78. Following the transaction, the chief financial officer now owns 71,096 shares in the company, valued at $16,908,761.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, September 24th, Cary Baker sold 496 shares of Impinj stock. The stock was sold at an average price of $209.17, for a total transaction of $103,748.32.

Impinj Trading Down 2.2 %

Impinj stock traded down $5.33 during midday trading on Tuesday, hitting $233.25. The stock had a trading volume of 533,793 shares, compared to its average volume of 455,579. The firm’s fifty day moving average is $184.02 and its two-hundred day moving average is $163.49. The company has a market capitalization of $6.46 billion, a PE ratio of -666.43 and a beta of 1.80. Impinj, Inc. has a 52-week low of $48.39 and a 52-week high of $239.88.

Impinj (NASDAQ:PIGet Free Report) last released its earnings results on Wednesday, July 24th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. The company had revenue of $102.50 million during the quarter, compared to analyst estimates of $97.47 million. Impinj had a net margin of 3.93% and a negative return on equity of 21.12%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) EPS. As a group, equities research analysts predict that Impinj, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. 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 report on Thursday, July 25th. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $205.00 target price on shares of Impinj in a report on Thursday, July 25th. Piper Sandler reiterated an “overweight” rating and issued a $225.00 target price (up previously from $180.00) on shares of Impinj in a report on Friday, September 27th. Finally, Susquehanna raised their price objective on shares of Impinj from $150.00 to $215.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and a consensus target price of $191.60.

View Our Latest Research Report on Impinj

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new position in Impinj in the 1st quarter worth approximately $32,000. SouthState Corp bought a new position in shares of Impinj during the 2nd quarter valued at approximately $94,000. USA Financial Formulas boosted its position in shares of 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 acquiring an additional 296 shares during the last quarter. nVerses Capital LLC boosted its position in shares of Impinj by 75.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $110,000 after acquiring an additional 300 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its position in shares of Impinj by 211.2% during the 2nd quarter. Jamison Private Wealth Management Inc. now owns 809 shares of the company’s stock valued at $127,000 after acquiring an additional 549 shares during the last quarter.

About Impinj

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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.

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Insider Buying and Selling by Quarter for Impinj (NASDAQ:PI)

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