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

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 374 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $118.70, for a total value of $44,393.80. Following the completion of the sale, the chief financial officer now directly owns 67,948 shares of the company’s stock, valued at $8,065,427.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were 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 stock was sold at an average price of $101.17, for a total value of $488,549.93.
• On Monday, February 26th, Cary Baker sold 1,455 shares of Impinj stock. The stock was sold at an average price of $103.68, for a total value 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 Trading Down 1.1 %

PI stock opened at $120.09 on Thursday. The company has a debt-to-equity ratio of 8.26, a quick ratio of 5.59 and a current ratio of 8.73. The company has a 50 day moving average price of $115.86 and a 200 day moving average price of $91.51. Impinj, Inc. has a fifty-two week low of $48.39 and a fifty-two week high of $142.70.

Impinj (NASDAQ:PI) last released its earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.11. The company had revenue of $70.65 million during the quarter, compared to the consensus estimate of $67.10 million. Impinj had a negative return on equity of 74.70% and a negative net margin of 14.10%. Equities research analysts anticipate that Impinj, Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its position in shares of Impinj by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,583 shares of the company’s stock worth $937,000 after buying an additional 86 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Impinj by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,128 shares of the company’s stock worth $462,000 after acquiring an additional 115 shares during the period. American International Group Inc. raised its position in shares of Impinj by 1.1% during the 4th quarter. American International Group Inc. now owns 11,601 shares of the company’s stock valued at $1,044,000 after acquiring an additional 122 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Impinj by 5.8% in the 3rd quarter. Royal Bank of Canada now owns 2,762 shares of the company’s stock worth $221,000 after purchasing an additional 151 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Impinj by 10.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,899 shares of the company’s stock worth $170,000 after buying an additional 182 shares during 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.