Impinj, Inc. (NASDAQ:PI – Get Free Report) CFO Cary Baker sold 496 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $209.17, for a total value of $103,748.32. Following the completion of the transaction, the chief financial officer now directly owns 70,524 shares of the company’s stock, valued at $14,751,505.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Cary Baker also recently made the following trade(s):
- On Monday, July 15th, Cary Baker sold 356 shares of Impinj stock. The stock was sold at an average price of $175.42, for a total transaction of $62,449.52.
Impinj Trading Up 0.6 %
NASDAQ:PI opened at $214.05 on Thursday. The company has a 50 day simple moving average of $167.65 and a two-hundred day simple moving average of $154.27. The company has a market cap of $6.02 billion, a PE ratio of -611.57 and a beta of 1.78. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $217.66.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of PI. Capital International Investors bought a new stake in Impinj during the 4th quarter valued at approximately $68,211,000. Assenagon Asset Management S.A. purchased a new stake in Impinj during the 2nd quarter valued at approximately $103,252,000. Jennison Associates LLC purchased a new stake in Impinj during the 1st quarter valued at approximately $25,747,000. Renaissance Technologies LLC bought a new stake in shares of Impinj during the second quarter valued at approximately $30,116,000. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Impinj in the first quarter worth $19,195,000.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Impinj in a research report on Thursday, July 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $205.00 price target on shares of Impinj in a report on Thursday, July 25th. StockNews.com upgraded Impinj from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Roth Mkm upped their price objective on shares of Impinj from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Piper Sandler lifted their target price on shares of Impinj from $150.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $187.10.
View Our Latest Analysis on Impinj
About Impinj
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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