Insider Selling: Impinj, Inc. (NASDAQ:PI) CFO Sells 374 Shares of Stock

Impinj, Inc. (NASDAQ:PI - Get Free Report) CFO Cary Baker sold 374 shares of Impinj stock in a transaction on Monday, April 15th. The stock was sold at an average price of $118.70, for a total transaction of $44,393.80. Following the sale, the chief financial officer now directly owns 67,948 shares in the company, valued at approximately $8,065,427.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 stock was sold at an average price of $123.55, for a total value 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 %

Shares of PI stock traded down $1.30 during trading hours on Wednesday, hitting $120.09. The stock had a trading volume of 325,658 shares, compared to its average volume of 369,307. Impinj, Inc. has a twelve month low of $48.39 and a twelve month high of $142.70. The stock's 50 day moving average is $115.60 and its 200 day moving average is $91.31. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.11. Impinj had a negative return on equity of 74.70% and a negative net margin of 14.10%. The firm had revenue of $70.65 million during the quarter, compared to the consensus estimate of $67.10 million. As a group, equities analysts anticipate that Impinj, Inc. will post -0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PI shares. Susquehanna upped their target price on shares of Impinj from $115.00 to $130.00 and gave the company a "positive" rating in a research report on Friday, February 9th. Needham & Company LLC increased their price target on shares of Impinj from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Roth Mkm increased their price target on shares of Impinj from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. StockNews.com raised shares of Impinj to a "sell" rating in a research report on Friday, February 9th. Finally, Evercore ISI began coverage on shares of Impinj in a research report on Tuesday. They set an "outperform" rating and a $160.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $119.44.

Institutional Investors Weigh In On Impinj

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in Impinj by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,037 shares of the company's stock valued at $9,577,000 after buying an additional 8,038 shares during the period. Aigen Investment Management LP purchased a new stake in Impinj in the 3rd quarter valued at about $320,000. FMR LLC grew its holdings 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. AWM Investment Company Inc. lifted its stake in shares of Impinj by 9.5% in the 3rd quarter. AWM Investment Company Inc. now owns 365,428 shares of the company's stock valued at $20,110,000 after purchasing an additional 31,556 shares in the last quarter. Finally, Toronado Partners LLC lifted its stake in shares of Impinj by 8.8% in the 3rd quarter. Toronado Partners LLC now owns 355,825 shares of the company's stock valued at $19,581,000 after purchasing an additional 28,700 shares in 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.