Impinj, Inc. (NASDAQ:PI - Get Free Report) CFO Cary Baker sold 10,000 shares of Impinj stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $159.08, for a total value of $1,590,800.00. Following the completion of the sale, the chief financial officer now directly owns 67,948 shares in the company, valued at approximately $10,809,167.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cary Baker also recently made the following trade(s):
- On Monday, April 15th, Cary Baker sold 374 shares of Impinj stock. The stock was 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.
- 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 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 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 stock was sold at an average price of $102.14, for a total transaction of $2,042,800.00.
Impinj Price Performance
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PI stock opened at $161.23 on Friday. The company's 50-day moving average price is $124.94 and its two-hundred day moving average price is $98.65. The firm has a market cap of $4.47 billion, a P/E ratio of -460.66 and a beta of 1.85. The company has a quick ratio of 6.87, a current ratio of 9.42 and a debt-to-equity ratio of 3.29. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $163.45.
Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $76.83 million during the quarter, compared to the consensus estimate of $73.57 million. On average, analysts anticipate that Impinj, Inc. will post -0.62 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of PI. Future Financial Wealth Managment LLC bought a new position in shares of Impinj in the 1st quarter valued at $32,000. GAMMA Investing LLC acquired a new stake in Impinj during the 4th quarter worth approximately $40,000. Headlands Technologies LLC bought a new stake in Impinj during the 4th quarter worth approximately $58,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Impinj by 117.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company's stock valued at $124,000 after acquiring an additional 521 shares during the last quarter. Finally, Whittier Trust Co. acquired a new position in shares of Impinj during the fourth quarter worth $90,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Impinj from a "sell" rating to a "hold" rating in a report on Friday, April 26th. Susquehanna upped their price objective on Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a report on Tuesday, April 23rd. Needham & Company LLC lifted their target price on Impinj from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Canaccord Genuity Group boosted their target price 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. Finally, Roth Mkm raised their price target on shares of Impinj from $125.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $132.89.
Check Out Our Latest Stock Analysis on Impinj
Impinj Company Profile
(
Get Free Report)
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.
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