Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 1,247 shares of the stock in a transaction that occurred on Wednesday, June 16th. The stock was sold at an average price of $49.47, for a total transaction of $61,689.09.
Cary Baker also recently made the following trade(s):
- On Tuesday, May 25th, Cary Baker sold 1,503 shares of Impinj stock. The stock was sold at an average price of $49.90, for a total transaction of $74,999.70.
Impinj stock opened at $45.82 on Thursday. The company has a market cap of $1.10 billion, a P/E ratio of -18.48 and a beta of 2.32. The firm's fifty day simple moving average is $49.44. Impinj, Inc. has a 1-year low of $21.81 and a 1-year high of $79.05.
Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, April 28th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.13. The business had revenue of $45.25 million for the quarter, compared to the consensus estimate of $42.10 million. Impinj had a negative net margin of 41.81% and a negative return on equity of 41.13%. Impinj's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. Research analysts predict that Impinj, Inc. will post -1.39 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Impinj from a "buy" rating to a "hold" rating in a research report on Wednesday, June 30th. Needham & Company LLC cut their target price on shares of Impinj from $77.00 to $66.00 and set a "buy" rating for the company in a research report on Thursday, April 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of "Buy" and a consensus target price of $68.38.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. raised its holdings in Impinj by 1.3% in the 4th quarter. Alliancebernstein L.P. now owns 15,100 shares of the company's stock worth $632,000 after acquiring an additional 200 shares during the period. The Manufacturers Life Insurance Company grew its position in Impinj by 3.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 10,573 shares of the company's stock worth $443,000 after purchasing an additional 359 shares during the last quarter. Captrust Financial Advisors grew its position in Impinj by 144.8% in the 1st quarter. Captrust Financial Advisors now owns 612 shares of the company's stock worth $35,000 after purchasing an additional 362 shares during the last quarter. Rhumbline Advisers grew its position in Impinj by 2.5% in the 4th quarter. Rhumbline Advisers now owns 21,195 shares of the company's stock worth $887,000 after purchasing an additional 521 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its position in Impinj by 10.3% in the 1st quarter. Waterfront Wealth Inc. now owns 6,698 shares of the company's stock worth $395,000 after purchasing an additional 626 shares during the last quarter. Hedge funds and other institutional investors own 90.40% of the company's stock.
About Impinj
Impinj, Inc operates a cloud connectivity platform. 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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