Impinj, Inc. (NASDAQ:PI – Get Free Report) CFO Cary Baker sold 496 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $209.17, for a total value of $103,748.32. Following the completion of the transaction, the chief financial officer now directly owns 70,524 shares in the company, valued at approximately $14,751,505.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Cary Baker also recently made the following trade(s):
- On Monday, July 15th, Cary Baker sold 356 shares of Impinj stock. The stock was sold at an average price of $175.42, for a total value of $62,449.52.
Impinj Stock Down 2.1 %
Shares of PI stock opened at $213.31 on Friday. The stock’s 50-day moving average price is $168.51 and its 200 day moving average price is $154.71. The stock has a market capitalization of $5.91 billion, a PE ratio of -609.46 and a beta of 1.78. Impinj, Inc. has a 52-week low of $48.39 and a 52-week high of $220.17.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on PI shares. StockNews.com upgraded Impinj from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Susquehanna upped their target price on shares of Impinj from $150.00 to $215.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $205.00 price target on shares of Impinj in a research note on Thursday, July 25th. Roth Mkm upped their price objective on shares of Impinj from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Lake Street Capital lifted their target price on Impinj from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Impinj has an average rating of “Moderate Buy” and a consensus price target of $191.60.
Check Out Our Latest Stock Report on Impinj
Institutional Trading of Impinj
Several hedge funds and other institutional investors have recently made changes to their positions in PI. Hsbc Holdings PLC lifted its position in Impinj by 7.3% in 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 during the period. Rhumbline Advisers raised its position in Impinj by 0.8% during the second quarter. Rhumbline Advisers now owns 32,900 shares of the company’s stock worth $5,158,000 after acquiring an additional 248 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Impinj in the first quarter valued at about $32,000. Arizona State Retirement System raised its position in shares of Impinj by 4.1% during the 2nd quarter. Arizona State Retirement System now owns 6,581 shares of the company’s stock worth $1,032,000 after purchasing an additional 261 shares during the last quarter. Finally, nVerses Capital LLC lifted its stake in Impinj by 75.0% in the 2nd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $110,000 after buying an additional 300 shares in the last quarter.
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.
Recommended Stories
- Five stocks we like better than Impinj
- What Are Growth Stocks and Investing in Them
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- 3 Fintech Stocks With Good 2021 Prospects
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- Differences Between Momentum Investing and Long Term Investing
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Receive News & Ratings for Impinj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impinj and related companies with MarketBeat.com's FREE daily email newsletter.