Impinj, Inc. (NASDAQ:PI) CFO Sells $46,181.52 in Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 308 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $149.94, for a total transaction of $46,181.52. Following the transaction, the chief financial officer now directly owns 68,422 shares in the company, valued at approximately $10,259,194.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, May 2nd, Cary Baker sold 10,000 shares of Impinj stock. The stock was sold at an average price of $159.08, for a total transaction of $1,590,800.00.
• On Monday, April 15th, Cary Baker sold 374 shares of Impinj stock. The shares were sold at an average price of $118.70, for a total transaction of $44,393.80.
• 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.

Impinj Trading Down 2.6 %

Shares of NASDAQ:PI opened at $147.17 on Thursday. Impinj, Inc. has a 52 week low of $48.39 and a 52 week high of $175.41. The company has a debt-to-equity ratio of 3.29, a quick ratio of 6.87 and a current ratio of 9.42. The company’s fifty day moving average is $152.63 and its 200-day moving average is $119.96.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, April 24th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.14. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. The company had revenue of $76.83 million for the quarter, compared to the consensus estimate of $73.57 million. On average, equities analysts forecast that Impinj, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PI. Swiss National Bank lifted its position in Impinj by 2.9% during the 3rd quarter. Swiss National Bank now owns 49,800 shares of the company’s stock worth $2,740,000 after buying an additional 1,400 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Impinj by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,037 shares of the company’s stock worth $9,577,000 after buying an additional 8,038 shares in the last quarter. Rhumbline Advisers lifted its position in Impinj by 3.2% during the 3rd quarter. Rhumbline Advisers now owns 32,228 shares of the company’s stock worth $1,773,000 after buying an additional 989 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Impinj by 41.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,941 shares of the company’s stock worth $217,000 after buying an additional 1,149 shares in the last quarter. Finally, FMR LLC lifted its position in Impinj by 0.8% during the 3rd quarter. FMR LLC now owns 4,028,894 shares of the company’s stock valued at $221,710,000 after purchasing an additional 31,289 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PI shares. Roth Mkm boosted their price target on shares of Impinj from $125.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group lowered shares of Impinj from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a report on Monday, May 20th. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. Evercore ISI started coverage on shares of Impinj in a report on Tuesday, April 16th. They issued an “outperform” rating and a $160.00 price target on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $150.00 price target (up previously from $130.00) on shares of Impinj in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.10.

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.