Impinj, Inc. (NASDAQ:PI) CFO Sells $153,374.28 in Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 1,553 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $98.76, for a total value of $153,374.28. Following the sale, the chief financial officer now directly owns 76,451 shares in the company, valued at $7,550,300.76. This trade represents a 1.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, January 13th, Cary Baker sold 290 shares of Impinj stock. The stock was sold at an average price of $140.96, for a total value of $40,878.40.
• On Tuesday, December 24th, Cary Baker sold 499 shares of Impinj stock. The stock was sold at an average price of $146.06, for a total value of $72,883.94.

Impinj Trading Up 3.4 %

Shares of PI stock opened at $96.28 on Thursday. The business’s 50 day moving average is $129.92 and its two-hundred day moving average is $168.24. Impinj, Inc. has a twelve month low of $91.99 and a twelve month high of $239.88. The company has a market capitalization of $2.75 billion, a P/E ratio of 70.79 and a beta of 1.88.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%. As a group, equities analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. The Goldman Sachs Group dropped their price target on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Cantor Fitzgerald dropped their price target on Impinj from $260.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC dropped their price target on Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Piper Sandler dropped their price target on Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Susquehanna dropped their price target on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.10.

Institutional Trading of Impinj

A number of institutional investors have recently modified their holdings of PI. Canada Pension Plan Investment Board purchased a new stake in shares of Impinj in the fourth quarter valued at approximately $29,000. National Bank of Canada FI acquired a new position in Impinj during the third quarter worth $30,000. Farther Finance Advisors LLC raised its holdings in Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after purchasing an additional 141 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Impinj during the fourth quarter worth $33,000. Finally, Jones Financial Companies Lllp raised its holdings in Impinj by 205.9% during the fourth quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares during the last quarter.

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.