Insider Selling: Impinj, Inc. (NASDAQ:PI) CFO Sells 278 Shares of Stock

Impinj, Inc. (NASDAQ:PIGet Free Report) CFO Cary Baker sold 278 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $81.19, for a total value of $22,570.82. Following the sale, the chief financial officer now directly owns 55,432 shares of the company’s stock, valued at approximately $4,500,524.08. The transaction 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 Tuesday, December 26th, Cary Baker sold 302 shares of Impinj stock. The stock was sold at an average price of $89.64, for a total value of $27,071.28.
  • On Monday, November 27th, Cary Baker sold 1,468 shares of Impinj stock. The stock was sold at an average price of $82.94, for a total value of $121,755.92.

Impinj Stock Performance

PI stock opened at $91.07 on Thursday. The company has a debt-to-equity ratio of 8.09, a quick ratio of 4.92 and a current ratio of 8.09. Impinj, Inc. has a twelve month low of $48.39 and a twelve month high of $144.90. The stock’s 50 day moving average is $83.15 and its 200-day moving average is $71.26.

Impinj (NASDAQ:PIGet Free Report) last announced its earnings results on Wednesday, October 25th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.20. The company had revenue of $65.01 million for the quarter, compared to analysts’ expectations of $64.73 million. Impinj had a negative return on equity of 47.86% and a negative net margin of 9.03%. On average, research analysts predict that Impinj, Inc. will post -1.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. purchased a new position in shares of Impinj during the first quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. purchased a new position in Impinj in the third quarter worth $55,000. Asset Management One Co. Ltd. boosted its position in Impinj by 74.6% in the third quarter. Asset Management One Co. Ltd. now owns 1,226 shares of the company’s stock worth $67,000 after purchasing an additional 524 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Impinj by 65.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 832 shares of the company’s stock worth $75,000 after purchasing an additional 329 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Impinj by 75.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,468 shares of the company’s stock worth $81,000 after purchasing an additional 629 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on PI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 target price on shares of Impinj in a research note on Thursday, October 26th. Roth Mkm decreased their target price on Impinj from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. The Goldman Sachs Group cut their price target on Impinj from $101.00 to $89.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Susquehanna started coverage on Impinj in a report on Wednesday, December 13th. They issued a “positive” rating and a $100.00 price target on the stock. Finally, StockNews.com upgraded Impinj to a “sell” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.63.

Get Our Latest Analysis on PI

About Impinj

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Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual 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.

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Insider Buying and Selling by Quarter for Impinj (NASDAQ:PI)

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