Insider Selling: Impinj, Inc. (NASDAQ:PI) CFO Sells 1,062 Shares of Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 1,062 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $127.61, for a total transaction of $135,521.82. Following the sale, the chief financial officer now directly owns 67,384 shares in the company, valued at approximately $8,598,872.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $37,806.30.
• On Friday, February 23rd, Cary Baker sold 4,829 shares of Impinj stock. The shares were sold at an average price of $101.17, for a total transaction of $488,549.93.
• On Monday, February 26th, Cary Baker sold 1,455 shares of Impinj stock. The shares were sold at an average price of $103.68, for a total transaction 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.
• On Tuesday, January 16th, Cary Baker sold 278 shares of Impinj stock. The shares were sold at an average price of $81.19, for a total transaction of $22,570.82.

Impinj Stock Up 0.7 %

Impinj stock opened at $127.42 on Thursday. The firm’s 50 day simple moving average is $109.22 and its 200-day simple moving average is $84.74. Impinj, Inc. has a fifty-two week low of $48.39 and a fifty-two week high of $142.70. 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) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.11. Impinj had a negative net margin of 14.10% and a negative return on equity of 74.70%. The firm had revenue of $70.65 million for the quarter, compared to the consensus estimate of $67.10 million. Analysts anticipate that Impinj, Inc. will post -0.62 earnings per share for the current fiscal year.

Institutional Trading of Impinj

Several large investors have recently added to or reduced their stakes in the business. Sylebra Capital LLC grew its position in Impinj by 6.3% in the fourth quarter. Sylebra Capital LLC now owns 4,197,352 shares of the company’s stock worth $377,888,000 after acquiring an additional 248,786 shares in the last quarter. FMR LLC lifted its stake in shares of Impinj by 0.8% in the third quarter. FMR LLC now owns 4,028,894 shares of the company’s stock worth $221,710,000 after buying an additional 31,289 shares during the last quarter. Sylebra Capital Ltd lifted its stake in shares of Impinj by 4.1% in the first quarter. Sylebra Capital Ltd now owns 2,848,085 shares of the company’s stock worth $385,972,000 after buying an additional 111,697 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Impinj by 1.5% in the first quarter. BlackRock Inc. now owns 1,412,629 shares of the company’s stock worth $89,758,000 after buying an additional 20,404 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Impinj by 13.9% in the third quarter. Vanguard Group Inc. now owns 1,251,084 shares of the company’s stock worth $100,124,000 after buying an additional 153,039 shares during the last quarter.

Analyst Ratings Changes

PI has been the topic of several recent analyst reports. Susquehanna upped their price objective 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. Roth Mkm upped their target price on shares of Impinj from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Canaccord Genuity Group raised their price target on shares of Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Needham & Company LLC raised 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. Finally, StockNews.com raised shares of Impinj to a “sell” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $114.38.

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.