Impinj (NASDAQ:PI) Upgraded at StockNews.com

StockNews.com upgraded shares of Impinj (NASDAQ:PIFree Report) to a sell rating in a report released on Friday.

Other analysts also recently issued reports about the company. Roth Mkm increased their price objective on Impinj from $95.00 to $115.00 and gave the stock a buy rating in a research note on Friday. Needham & Company LLC upped their target price on Impinj from $115.00 to $120.00 and gave the company a buy rating in a report on Friday. Susquehanna increased their price objective on Impinj from $115.00 to $130.00 and gave the company a positive rating in a report on Friday. Finally, The Goldman Sachs Group increased their target price on Impinj from $89.00 to $115.00 and gave the stock a buy rating in a research report on Friday. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $106.43.

View Our Latest Report on PI

Impinj Stock Down 1.1 %

PI stock opened at $108.85 on Friday. The stock’s 50 day simple moving average is $91.48 and its 200 day simple moving average is $73.44. Impinj has a fifty-two week low of $48.39 and a fifty-two week high of $144.90. The company has a debt-to-equity ratio of 8.09, a quick ratio of 4.92 and a current ratio of 8.09. The company has a market cap of $2.95 billion, a P/E ratio of -67.19 and a beta of 2.04.

Insider Buying and Selling

In other Impinj news, CFO Cary Baker sold 302 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $89.64, for a total transaction of $27,071.28. Following the sale, the chief financial officer now owns 54,773 shares in the company, valued at $4,909,851.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Impinj news, major shareholder Sylebra Capital Ltd bought 37,513 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $82.91 per share, with a total value of $3,110,202.83. Following the completion of the purchase, the insider now directly owns 4,197,352 shares of the company’s stock, valued at $348,002,454.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Cary Baker sold 302 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $89.64, for a total value of $27,071.28. Following the completion of the sale, the chief financial officer now directly owns 54,773 shares in the company, valued at $4,909,851.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,565 shares of company stock worth $473,718. Corporate insiders own 17.10% of the company’s stock.

Institutional Trading of Impinj

Several large investors have recently modified their holdings of the business. Advisors Asset Management Inc. bought a new stake in Impinj during the 1st quarter valued at approximately $39,000. GAMMA Investing LLC purchased a new position in shares of Impinj during the fourth quarter valued at approximately $40,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Impinj during the third quarter valued at approximately $55,000. Headlands Technologies LLC purchased a new position in shares of Impinj during the fourth quarter valued at approximately $58,000. Finally, Asset Management One Co. Ltd. raised its holdings in Impinj by 74.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,226 shares of the company’s stock worth $67,000 after acquiring an additional 524 shares during the last quarter.

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, which comprises multiple product families, wirelessly connects individual 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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Analyst Recommendations for Impinj (NASDAQ:PI)

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