Impinj CFO Baker Cary sells shares for $72,884

Baker Cary, the Chief Financial Officer of Impinj Inc . (NASDAQ:PI), a $4.19 billion market cap company currently trading at $147.78, recently executed several stock transactions, according to a filing with the Securities and Exchange Commission. According to InvestingPro data, the stock has shown significant volatility while delivering a remarkable 65.23% return year-to-date. On December 24, Cary sold 499 shares of Impinj common stock at a weighted average price of $146.0618 per share, totaling approximately $72,884. This sale was part of non-discretionary transactions to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).

In addition to the sale, Cary acquired 781 and 479 shares of common stock on December 23 through the vesting of RSUs, with no cash exchanged for these acquisitions. Following these transactions, Cary holds a total of 71,107 shares of Impinj common stock.

In other recent news, Impinj has been the subject of several positive analyst revisions following robust Q3 results. Lake Street Capital Markets, Needham, Cantor Fitzgerald, and Evercore ISI have all raised their price targets for Impinj, maintaining positive ratings on the stock. The company's Q3 performance saw a 46% increase in revenues and a significant 67% year-over-year growth in endpoint ICs. Moreover, Impinj's Q4 revenue guidance was slightly above the consensus, and their earnings guidance exceeded expectations. The company reported Q3 earnings per share of $0.56, surpassing both Cantor's and FactSet consensus estimates. Looking ahead, Impinj anticipates Q4 revenue to be between $91 million and $94 million, reflecting a 31% year-over-year increase, with adjusted EBITDA projected between $13.6 million and $15.1 million. These are the recent developments at Impinj as the company continues to execute its business strategies effectively.

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