IMPINJ Inc (PI) Director Clinton Bybee Purchases 4,000 Shares
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.
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