Cary Baker Sells 1,062 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 1,062 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $127.61, for a total transaction of $135,521.82. Following the completion of the transaction, the chief financial officer now directly owns 67,384 shares in the company, valued at approximately $8,598,872.24. 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, March 18th, Cary Baker sold 306 shares of Impinj stock. The stock was sold at an average price of $123.55, for a total transaction 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 transaction of $488,549.93.
• On Monday, February 26th, Cary Baker sold 1,455 shares of Impinj stock. The shares were 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 shares were sold at an average price of $102.14, for a total transaction of $2,042,800.00.
• On Tuesday, January 16th, Cary Baker sold 278 shares of Impinj stock. The shares were sold at an average price of $81.19, for a total transaction of $22,570.82.

Impinj Price Performance

Shares of Impinj stock opened at $127.42 on Thursday. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. The company has a 50 day moving average price of $109.22 and a 200 day moving average price of $84.74. Impinj, Inc. has a 52 week low of $48.39 and a 52 week high of $142.70.

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

Hedge Funds Weigh In On Impinj

Several hedge funds and other institutional investors have recently modified their holdings of PI. Advisors Asset Management Inc. acquired a new position in Impinj in the 1st quarter worth approximately $39,000. GAMMA Investing LLC acquired a new position in Impinj in the 4th quarter worth approximately $40,000. KBC Group NV acquired a new position in Impinj in the 4th quarter worth approximately $47,000. Newbridge Financial Services Group Inc. acquired a new position in Impinj in the 3rd quarter worth approximately $55,000. Finally, Headlands Technologies LLC acquired a new position in Impinj in the 4th quarter worth approximately $58,000.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of analyst reports. Susquehanna boosted their price objective on shares of Impinj from $115.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Roth Mkm upped their price target on shares of Impinj from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. StockNews.com raised shares of Impinj to a “sell” rating in a research note on Friday, February 9th. The Goldman Sachs Group upped their price objective on shares of Impinj from $89.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Needham & Company LLC upped their price objective on shares of Impinj from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $114.38.

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.