Insider Selling: IMPINJ Inc (PI) Insider Sells $328,510.00 in Stock
IMPINJ Inc (NYSE:PI) insider Eric Brodersen sold 7,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $46.93, for a total value of $328,510.00. Following the sale, the insider now owns 115,043 shares in the company, valued at approximately $5,398,967.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Eric Brodersen also recently made the following trade(s):
- On Thursday, May 4th, Eric Brodersen sold 7,000 shares of IMPINJ stock. The stock was sold at an average price of $36.64, for a total value of $256,480.00.
- On Thursday, April 20th, Eric Brodersen sold 10,200 shares of IMPINJ stock. The stock was sold at an average price of $35.31, for a total value of $360,162.00.
- On Wednesday, March 22nd, Eric Brodersen sold 5,400 shares of IMPINJ stock. The stock was sold at an average price of $28.36, for a total value of $153,144.00.
IMPINJ Inc (NYSE PI) traded down 1.16% on Tuesday, hitting $55.20. The stock had a trading volume of 200,257 shares. The firm’s market cap is $1.14 billion. The company’s 50 day moving average is $43.59 and its 200 day moving average is $35.26. IMPINJ Inc has a 12-month low of $16.36 and a 12-month high of $57.15.
IMPINJ (NYSE:PI) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The company had revenue of $31.70 million for the quarter, compared to analyst estimates of $30.81 million. The business’s revenue was up 46.8% compared to the same quarter last year. On average, equities research analysts expect that IMPINJ Inc will post $0.24 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in PI. Sylebra HK Co Ltd acquired a new position in IMPINJ during the first quarter valued at approximately $88,898,000. Bank of New York Mellon Corp boosted its position in IMPINJ by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 1,157,558 shares of the company’s stock valued at $35,039,000 after buying an additional 44,403 shares during the period. Alliancebernstein L.P. acquired a new position in IMPINJ during the first quarter valued at approximately $20,284,000. JPMorgan Chase & Co. boosted its position in IMPINJ by 245.3% in the first quarter. JPMorgan Chase & Co. now owns 576,631 shares of the company’s stock valued at $17,455,000 after buying an additional 409,635 shares during the period. Finally, Hood River Capital Management LLC acquired a new position in IMPINJ during the first quarter valued at approximately $16,924,000.
PI has been the topic of several recent research reports. Morgan Stanley restated a “buy” rating and set a $40.00 price target on shares of IMPINJ in a report on Tuesday, March 21st. Royal Bank Of Canada restated an “outperform” rating and set a $50.00 price target (up previously from $42.00) on shares of IMPINJ in a report on Sunday, May 28th. Canaccord Genuity restated a “buy” rating and set a $38.00 price target on shares of IMPINJ in a report on Friday, May 12th. Zacks Investment Research downgraded IMPINJ from a “buy” rating to a “hold” rating in a report on Saturday, May 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of IMPINJ in a report on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. IMPINJ presently has an average rating of “Buy” and a consensus price target of $41.38.
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.
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