IMPINJ Inc (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $27.82, for a total transaction of $834,600.00. Following the sale, the chief executive officer now directly owns 315,478 shares of the company’s stock, valued at approximately $8,776,597.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Chris Ph.D. Diorio also recently made the following trade(s):

  • On Wednesday, May 15th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The stock was sold at an average price of $27.29, for a total transaction of $272,900.00.
  • On Monday, April 22nd, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00.
  • On Thursday, April 18th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00.

Shares of PI opened at $24.65 on Monday. IMPINJ Inc has a 12-month low of $13.25 and a 12-month high of $31.10. The firm has a market cap of $533.11 million, a P/E ratio of -36.25 and a beta of 2.81. The company has a current ratio of 4.79, a quick ratio of 3.11 and a debt-to-equity ratio of 0.17.

IMPINJ (NASDAQ:PI) last announced its quarterly earnings data on Monday, April 29th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.15. IMPINJ had a negative return on equity of 12.32% and a negative net margin of 21.33%. The firm had revenue of $33.10 million for the quarter, compared to analysts’ expectations of $31.08 million. During the same period last year, the business posted ($0.38) earnings per share. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. As a group, analysts predict that IMPINJ Inc will post -0.4 EPS for the current fiscal year.

Several brokerages recently issued reports on PI. Roth Capital began coverage on IMPINJ in a research note on Tuesday, April 23rd. They set a “buy” rating and a $27.00 price objective on the stock. BidaskClub upgraded IMPINJ from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 24th. ValuEngine upgraded IMPINJ from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded IMPINJ from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, February 1st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $31.25.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. lifted its stake in IMPINJ by 14,485.7% in the fourth quarter. Citigroup Inc. now owns 2,042 shares of the company’s stock valued at $30,000 after buying an additional 2,028 shares during the last quarter. Quantamental Technologies LLC bought a new stake in IMPINJ in the first quarter valued at $48,000. BNP Paribas Arbitrage SA lifted its stake in IMPINJ by 48,471.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,400 shares of the company’s stock valued at $57,000 after buying an additional 3,393 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in IMPINJ by 363.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,186 shares of the company’s stock valued at $90,000 after buying an additional 4,852 shares during the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in IMPINJ in the first quarter valued at $147,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

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IMPINJ Company Profile

Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.

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