Cary Baker Sells 374 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 374 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.70, for a total transaction of $44,393.80. Following the transaction, the chief financial officer now directly owns 67,948 shares of the company’s stock, valued at approximately $8,065,427.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, March 25th, Cary Baker sold 1,062 shares of Impinj stock. The stock was sold at an average price of $127.61, for a total transaction of $135,521.82.
• On Monday, March 18th, Cary Baker sold 306 shares of Impinj stock. The shares were 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 shares were 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.

Impinj Stock Performance

Shares of Impinj stock opened at $116.32 on Friday. The firm’s fifty day simple moving average is $116.30 and its 200-day simple moving average is $92.16. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -71.80 and a beta of 2.05. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $141.68. The company has a debt-to-equity ratio of 8.26, a current ratio of 8.73 and a quick ratio of 5.59.

Impinj (NASDAQ:PI) last announced its earnings results on Thursday, February 8th. The company reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.11. The business had revenue of $70.65 million for the quarter, compared to analysts’ expectations 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 analysts forecast that Impinj, Inc. will post -0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PI. The Goldman Sachs Group raised their price objective on shares of Impinj from $89.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Evercore ISI began coverage on shares of Impinj in a research note on Tuesday. They issued an “outperform” rating and a $160.00 price target for the company. StockNews.com upgraded shares of Impinj to a “sell” rating in a research note on Friday, February 9th. Canaccord Genuity Group lifted their price target on shares of Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Roth Mkm lifted their price target on shares of Impinj from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.44.

Hedge Funds Weigh In On Impinj

A number of institutional investors have recently modified their holdings of the business. Sylebra Capital LLC increased its holdings in shares of Impinj by 6.3% in the 4th quarter. Sylebra Capital LLC now owns 4,197,352 shares of the company’s stock valued at $377,888,000 after acquiring an additional 248,786 shares during the period. FMR LLC increased its stake in Impinj by 0.8% in the 3rd quarter. FMR LLC now owns 4,028,894 shares of the company’s stock valued at $221,710,000 after buying an additional 31,289 shares during the period. Sylebra Capital Ltd increased its stake in Impinj by 4.1% in the 1st quarter. Sylebra Capital Ltd now owns 2,848,085 shares of the company’s stock valued at $385,972,000 after buying an additional 111,697 shares during the period. BlackRock Inc. increased its stake in Impinj by 1.5% in the 1st quarter. BlackRock Inc. now owns 1,412,629 shares of the company’s stock valued at $89,758,000 after buying an additional 20,404 shares during the period. Finally, Vanguard Group Inc. increased its stake in Impinj by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,251,084 shares of the company’s stock valued at $100,124,000 after buying an additional 153,039 shares during the period.

Impinj Company Profile

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.