Baker Avenue Asset Management LP Purchases Shares of 18,761 IMPINJ Inc (PI)

Baker Avenue Asset Management LP purchased a new stake in IMPINJ Inc (NYSE:PI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,761 shares of the company’s stock, valued at approximately $568,000. Baker Avenue Asset Management LP owned approximately 0.09% of IMPINJ as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in IMPINJ during the fourth quarter valued at approximately $1,712,000. State Street Corp boosted its stake in IMPINJ by 23.5% in the fourth quarter. State Street Corp now owns 86,778 shares of the company’s stock valued at $3,069,000 after buying an additional 16,506 shares in the last quarter. Allianz Asset Management AG boosted its stake in IMPINJ by 22.0% in the fourth quarter. Allianz Asset Management AG now owns 145,258 shares of the company’s stock valued at $5,133,000 after buying an additional 26,193 shares in the last quarter. Castleark Management LLC bought a new stake in IMPINJ during the fourth quarter valued at approximately $4,083,000. Finally, Sandler Capital Management bought a new stake in IMPINJ during the fourth quarter valued at approximately $353,000.

Institutional Ownership by Quarter for IMPINJ (NYSE:PI)

Shares of IMPINJ Inc (NYSE PI) traded down 2.09% during trading on Tuesday, reaching $54.68. 776,876 shares of the company traded hands. The stock’s 50 day moving average price is $43.59 and its 200-day moving average price is $35.26. IMPINJ Inc has a 12 month low of $16.36 and a 12 month high of $57.15. The stock’s market cap is $1.13 billion.

IMPINJ (NYSE:PI) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $31.70 million for the quarter, compared to analyst estimates of $30.81 million. The firm’s quarterly revenue was up 46.8% on a year-over-year basis. On average, equities research analysts expect that IMPINJ Inc will post $0.24 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Baker Avenue Asset Management LP Purchases Shares of 18,761 IMPINJ Inc (PI)” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://sportsperspectives.com/2017/06/20/baker-avenue-asset-management-lp-purchases-shares-of-18761-impinj-inc-pi.html.

Several analysts recently commented on PI shares. Morgan Stanley started coverage on shares of IMPINJ in a report on Thursday, February 23rd. They set an “overweight” rating and a $40.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of IMPINJ in a research report on Thursday, March 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $40.00 price objective on shares of IMPINJ in a research report on Friday, March 31st. Zacks Investment Research raised shares of IMPINJ from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Tuesday, April 25th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $38.00 price objective on shares of IMPINJ in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $41.38.

In other IMPINJ news, CFO Evan Fein sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $53.19, for a total transaction of $531,900.00. Following the completion of the transaction, the chief financial officer now owns 21,100 shares of the company’s stock, valued at approximately $1,122,309. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eric Brodersen sold 10,200 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $35.31, for a total value of $360,162.00. Following the transaction, the insider now directly owns 131,143 shares of the company’s stock, valued at approximately $4,630,659.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,973 shares of company stock valued at $4,492,352.

IMPINJ Company Profile

Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.

Receive News & Ratings for IMPINJ Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply