Harbour Capital Advisors LLC Purchases 425 Shares of Impinj, Inc. (NASDAQ:PI)

Harbour Capital Advisors LLC lifted its position in Impinj, Inc. (NASDAQ:PI) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,445 shares of the company’s stock after purchasing an additional 425 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Impinj were worth $521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions 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 purchased a new position in shares of Impinj in the 3rd quarter worth about $30,000. Farther Finance Advisors LLC increased its position in shares of Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. KBC Group NV raised its holdings in shares of Impinj by 29.7% during the 3rd 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 Impinj by 7.3% in the 2nd 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Needham & Company LLC lifted their price target on shares of Impinj from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Susquehanna boosted their price target on shares of Impinj from $215.00 to $260.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Cantor Fitzgerald lifted their price objective on Impinj from $205.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Piper Sandler restated an “overweight” rating and set a $235.00 target price (up from $225.00) on shares of Impinj in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price target on Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $224.60.

Impinj Stock Up 1.9 %

Shares of PI stock opened at $146.32 on Tuesday. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 164.40 and a beta of 1.88. The stock has a fifty day moving average of $168.32 and a 200 day moving average of $177.04. Impinj, Inc. has a 52 week low of $78.17 and a 52 week high of $239.88.

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

Insider Activity

In other Impinj news, CEO Chris Ph.D. Diorio sold 1,504 shares of Impinj stock in a transaction 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. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Cary Baker sold 15,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $204.90, for a total value of $3,073,500.00. Following the completion of the sale, the chief financial officer now directly owns 71,096 shares in the company, valued at $14,567,570.40. This trade represents a 17.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 653,191 shares of company stock worth $130,804,235 in the last quarter. 51.00% of the stock is owned by company insiders.

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.