IMPINJ Inc (NYSE:PI) Director Clinton Bybee purchased 4,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $24.43 per share, with a total value of $97,720.00. Following the completion of the acquisition, the director now directly owns 4,417 shares of the company’s stock, valued at $107,907.31. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

IMPINJ Inc (NYSE:PI) traded down $0.86 during midday trading on Monday, reaching $25.58. The company’s stock had a trading volume of 730,381 shares, compared to its average volume of 782,114. IMPINJ Inc has a twelve month low of $19.97 and a twelve month high of $60.85.

IMPINJ (NYSE:PI) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). IMPINJ had a negative net margin of 2.86% and a negative return on equity of 3.11%. The firm had revenue of $32.60 million for the quarter, compared to analysts’ expectations of $32.58 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.

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A number of equities analysts have recently commented on the company. Dougherty & Co cut their price target on IMPINJ from $62.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Canaccord Genuity reissued a “buy” rating and set a $50.00 price objective (down previously from $57.00) on shares of IMPINJ in a research note on Friday, August 4th. Royal Bank Of Canada dropped their price objective on IMPINJ from $50.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Piper Jaffray Companies lowered IMPINJ from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 2nd. Finally, KeyCorp reissued a “hold” rating on shares of IMPINJ in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in shares of IMPINJ by 1,261.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock worth $102,000 after buying an additional 1,942 shares during the period. American International Group Inc. purchased a new position in shares of IMPINJ in the first quarter worth about $112,000. Bronfman E.L. Rothschild L.P. purchased a new position in shares of IMPINJ in the third quarter worth about $116,000. Turner Investments LLC purchased a new position in shares of IMPINJ in the second quarter worth about $146,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of IMPINJ by 95.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock worth $176,000 after buying an additional 1,765 shares during the period.

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.

Insider Buying and Selling by Quarter for IMPINJ (NYSE:PI)

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