Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio Sells 1,504 Shares of Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 1,504 shares of Impinj stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $146.22, for a total transaction of $219,914.88. Following the completion of the transaction, the chief executive officer now owns 331,572 shares in the company, valued at approximately $48,482,457.84. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, October 29th, Chris Ph.D. Diorio sold 34,474 shares of Impinj stock. The stock was sold at an average price of $201.51, for a total value of $6,946,855.74.
• On Monday, October 14th, Chris Ph.D. Diorio sold 1,219 shares of Impinj stock. The stock was sold at an average price of $237.82, for a total value of $289,902.58.

Impinj Stock Up 0.0 %

Impinj stock opened at $147.85 on Friday. Impinj, Inc. has a 12 month low of $78.17 and a 12 month high of $239.88. The stock has a market cap of $4.18 billion, a P/E ratio of 166.12 and a beta of 1.80. The company’s fifty day simple moving average is $180.59 and its 200-day simple moving average is $176.83.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The firm had revenue of $95.20 million for the quarter, compared to the consensus estimate of $92.86 million. During the same quarter in the previous year, the company posted ($0.36) earnings per share. The business’s quarterly revenue was up 46.5% compared to the same quarter last year. On average, equities research analysts expect that Impinj, Inc. will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Impinj

Hedge funds have recently added to or reduced their stakes in the company. First Bank & Trust grew its position in Impinj by 3.2% in the third quarter. First Bank & Trust now owns 1,768 shares of the company’s stock worth $383,000 after acquiring an additional 55 shares in the last quarter. National Bank of Canada FI bought a new stake in Impinj in the third quarter worth $30,000. Farther Finance Advisors LLC increased its position in Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after buying an additional 141 shares during the last quarter. KBC Group NV raised its holdings in Impinj by 29.7% during the third quarter. KBC Group NV now owns 681 shares of the company’s stock valued at $147,000 after buying an additional 156 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Impinj by 7.3% in the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock worth $432,000 after buying an additional 190 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently weighed in on PI. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Needham & Company LLC raised their target price on shares of Impinj from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI restated an “outperform” rating and set a $270.00 price target (up previously from $205.00) on shares of Impinj in a report on Thursday, October 24th. Cantor Fitzgerald raised their price objective on shares of Impinj from $205.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Impinj has an average rating of “Moderate Buy” and a consensus price target of $224.60.

Impinj Company Profile

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.