Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 498 Shares

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 498 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.70, for a total transaction of $59,112.60. Following the transaction, the executive now directly owns 60,850 shares in the company, valued at approximately $7,222,895. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• 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 value of $153,355.60.
• On Monday, March 18th, Jeffrey Dossett sold 3,732 shares of Impinj stock. The stock was sold at an average price of $122.62, for a total value of $457,617.84.
• On Friday, March 15th, Jeffrey Dossett sold 3,000 shares of Impinj stock. The stock was sold at an average price of $121.72, for a total transaction of $365,160.00.
• On Friday, February 23rd, Jeffrey Dossett sold 4,858 shares of Impinj stock. The stock was sold at an average price of $101.11, for a total transaction of $491,192.38.

Impinj Trading Down 1.1 %

Impinj stock opened at $120.09 on Thursday. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. Impinj, Inc. has a fifty-two week low of $48.39 and a fifty-two week high of $142.70. The firm’s fifty day moving average price is $115.86 and its 200-day moving average price is $91.51.

Impinj (NASDAQ:PI) last announced its earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.11. The business had revenue of $70.65 million during the quarter, compared to analyst estimates of $67.10 million. Impinj had a negative net margin of 14.10% and a negative return on equity of 74.70%. As a group, analysts forecast that Impinj, Inc. will post -0.62 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on PI shares. StockNews.com upgraded Impinj to a “sell” rating in a research note on Friday, February 9th. The Goldman Sachs Group lifted their price objective on shares of Impinj from $89.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Roth Mkm raised their price target on shares of Impinj from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Susquehanna lifted their target price on shares of Impinj from $115.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Finally, Needham & Company LLC increased their price target on Impinj from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.44.

Hedge Funds Weigh In On Impinj

Several institutional investors have recently modified their holdings of PI. The Manufacturers Life Insurance Company lifted its stake in Impinj by 1.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,583 shares of the company’s stock worth $937,000 after purchasing an additional 86 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Impinj by 2.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,128 shares of the company’s stock valued at $462,000 after acquiring an additional 115 shares during the last quarter. American International Group Inc. lifted its stake in shares of Impinj by 1.1% in the 4th quarter. American International Group Inc. now owns 11,601 shares of the company’s stock valued at $1,044,000 after acquiring an additional 122 shares during the last quarter. Royal Bank of Canada boosted its holdings in Impinj by 5.8% during the 3rd quarter. Royal Bank of Canada now owns 2,762 shares of the company’s stock valued at $221,000 after acquiring an additional 151 shares during the period. Finally, Ameritas Investment Partners Inc. grew its position in Impinj by 10.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,899 shares of the company’s stock worth $170,000 after acquiring an additional 182 shares during the last quarter.

About Impinj

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.