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

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 366 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $237.83, for a total value of $87,045.78. Following the sale, the chief financial officer now owns 71,096 shares of the company’s stock, valued at $16,908,761.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $209.17, for a total value of $103,748.32.

Impinj Stock Up 0.2 %

Shares of Impinj stock opened at $233.63 on Thursday. Impinj, Inc. has a 52 week low of $48.39 and a 52 week high of $239.88. The business’s fifty day simple moving average is $187.78 and its 200-day simple moving average is $164.72. The firm has a market cap of $6.47 billion, a PE ratio of -667.51 and a beta of 1.80.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.09. The firm had revenue of $102.50 million for the quarter, compared to the consensus estimate of $97.47 million. Impinj had a negative return on equity of 21.12% and a net margin of 3.93%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) EPS. As a group, equities analysts expect that Impinj, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on PI shares. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price target on shares of Impinj in a research note on Thursday, July 25th. Susquehanna lifted their price target on Impinj from $150.00 to $215.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. StockNews.com upgraded Impinj from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Roth Mkm boosted their price objective on Impinj from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Piper Sandler reiterated an “overweight” rating and set a $225.00 price target (up from $180.00) on shares of Impinj in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.60.

Institutional Investors Weigh In On Impinj

Several institutional investors and hedge funds have recently modified their holdings of PI. Future Financial Wealth Managment LLC purchased a new stake in Impinj during the 1st quarter worth about $32,000. SouthState Corp purchased a new position in shares of Impinj in the 2nd quarter valued at about $94,000. nVerses Capital LLC boosted its position in shares of 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 purchasing an additional 300 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Impinj by 117.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock valued at $124,000 after purchasing an additional 521 shares during the period. Finally, Jamison Private Wealth Management Inc. boosted its position in shares of Impinj by 211.2% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 809 shares of the company’s stock valued at $127,000 after purchasing an additional 549 shares during the period.

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.