Impinj, Inc. (NASDAQ:PI) CRO Sells $110,761.32 in Stock

Impinj, Inc. (NASDAQ:PIGet Free Report) CRO Jeffrey Dossett sold 739 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $149.88, for a total transaction of $110,761.32. Following the sale, the executive now owns 61,986 shares in the company, valued at $9,290,461.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeffrey Dossett also recently made the following trade(s):

  • On Friday, April 26th, Jeffrey Dossett sold 8,000 shares of Impinj stock. The shares were sold at an average price of $145.77, for a total transaction of $1,166,160.00.
  • On Monday, April 15th, Jeffrey Dossett sold 498 shares of Impinj stock. The shares were sold at an average price of $118.70, for a total transaction of $59,112.60.
  • On Monday, March 25th, Jeffrey Dossett sold 1,208 shares of Impinj stock. The shares were sold at an average price of $126.95, for a total transaction of $153,355.60.

Impinj Stock Performance

Impinj stock opened at $146.66 on Friday. The firm has a 50 day moving average price of $153.07 and a two-hundred day moving average price of $120.14. The company has a debt-to-equity ratio of 3.29, a quick ratio of 6.87 and a current ratio of 9.42. Impinj, Inc. has a 52-week low of $48.39 and a 52-week high of $175.41.

Impinj (NASDAQ:PIGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.14. The company had revenue of $76.83 million during the quarter, compared to analyst estimates of $73.57 million. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. As a group, equities research analysts forecast that Impinj, Inc. will post 0.02 EPS for the current year.

Institutional Trading of Impinj

Several hedge funds have recently modified their holdings of PI. Swiss National Bank grew its position in Impinj by 2.9% in the 3rd quarter. Swiss National Bank now owns 49,800 shares of the company’s stock valued at $2,740,000 after purchasing an additional 1,400 shares during the period. Charles Schwab Investment Management Inc. grew its position in Impinj by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,037 shares of the company’s stock valued at $9,577,000 after purchasing an additional 8,038 shares during the period. Rhumbline Advisers grew its position in Impinj by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 32,228 shares of the company’s stock valued at $1,773,000 after purchasing an additional 989 shares during the period. PNC Financial Services Group Inc. grew its position in Impinj by 41.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,941 shares of the company’s stock valued at $217,000 after purchasing an additional 1,149 shares during the period. Finally, FMR LLC grew its position in Impinj by 0.8% in the 3rd quarter. FMR LLC now owns 4,028,894 shares of the company’s stock valued at $221,710,000 after purchasing an additional 31,289 shares during the period.

Analyst Upgrades and Downgrades

PI has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on shares of Impinj in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $160.00 price target on the stock. The Goldman Sachs Group downgraded shares of Impinj from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a research note on Monday, May 20th. Piper Sandler restated an “overweight” rating and issued a $150.00 price target (up from $130.00) on shares of Impinj in a research note on Thursday, April 25th. Jefferies Financial Group initiated coverage on shares of Impinj in a report on Monday, May 13th. They issued a “buy” rating and a $200.00 price objective for the company. Finally, Canaccord Genuity Group raised their price objective on shares of Impinj from $130.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.10.

Get Our Latest Stock Analysis on Impinj

About Impinj

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Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.

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