Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio Sells 597 Shares

Posted by Thomas Dobrow on Mar 18th, 2023

Impinj, Inc. (NASDAQ:PI – Get Rating) CEO Chris Ph.D. Diorio sold 597 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $129.81, for a total transaction of $77,496.57. Following the sale, the chief executive officer now owns 282,275 shares in the company, valued at $36,642,117.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

On Monday, February 27th, Chris Ph.D. Diorio sold 11,692 shares of Impinj stock. The stock was sold at an average price of $127.72, for a total value of $1,493,302.24.
On Tuesday, February 21st, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The shares were sold at an average price of $124.79, for a total value of $623,950.00.
On Monday, February 13th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The stock was sold at an average price of $126.35, for a total value of $631,750.00.
On Friday, January 13th, Chris Ph.D. Diorio sold 1,226 shares of Impinj stock. The shares were sold at an average price of $120.56, for a total value of $147,806.56.
On Wednesday, January 4th, Chris Ph.D. Diorio sold 1,612 shares of Impinj stock. The stock was sold at an average price of $109.73, for a total value of $176,884.76.

Impinj Price Performance

Shares of Impinj stock traded down $2.69 during trading hours on Friday, reaching $126.13. The company’s stock had a trading volume of 515,760 shares, compared to its average volume of 503,268. The firm has a 50 day moving average price of $127.96 and a 200-day moving average price of $110.45. The company has a debt-to-equity ratio of 17.97, a current ratio of 6.49 and a quick ratio of 5.40. The stock has a market cap of $3.30 billion, a P/E ratio of -131.39, a P/E/G ratio of 40.35 and a beta of 2.25. Impinj, Inc. has a one year low of $39.74 and a one year high of $144.90.

Impinj (NASDAQ:PI – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Impinj had a negative return on equity of 62,026.59% and a negative net margin of 9.43%. The company had revenue of $76.59 million for the quarter, compared to analysts’ expectations of $76.20 million. On average, analysts predict that Impinj, Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PI shares. StockNews.com assumed coverage on shares of Impinj in a report on Thursday. They issued a “sell” rating on the stock. Jefferies Financial Group boosted their price target on shares of Impinj from $112.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, January 12th. Lake Street Capital increased their price objective on shares of Impinj from $132.00 to $135.00 in a report on Thursday, February 9th. Canaccord Genuity Group lifted their target price on Impinj from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Finally, The Goldman Sachs Group increased their price target on Impinj from $111.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, February 10th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and an average target price of $129.75.

Hedge Funds Weigh In On Impinj

Several large investors have recently modified their holdings of PI. Strs Ohio bought a new position in Impinj during the 4th quarter valued at about $32,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Impinj by 671.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 540 shares of the company’s stock valued at $59,000 after buying an additional 470 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Impinj in the first quarter worth approximately $39,000. Vectors Research Management LLC bought a new stake in shares of Impinj during the 2nd quarter worth approximately $59,000. Finally, Great West Life Assurance Co. Can boosted its holdings in Impinj by 31.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,104 shares of the company’s stock valued at $88,000 after acquiring an additional 266 shares during the period. Institutional investors own 97.32% of the company’s stock.

Impinj Company Profile

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IImpinj, Inc engages in the development and sale of radio frequency identification solutions. The company was founded by Christopher Diorio in April 2000 and is headquartered in Seattle, WA.