Chris Ph.D. Diorio Sells 2,953 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 2,953 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $127.19, for a total transaction of $375,592.07. Following the completion of the sale, the chief executive officer now owns 284,349 shares in the company, valued at $36,166,349.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, March 18th, Chris Ph.D. Diorio sold 612 shares of Impinj stock. The shares were sold at an average price of $123.56, for a total transaction of $75,618.72.
• On Monday, February 26th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The stock was sold at an average price of $105.00, for a total transaction of $525,000.00.
• On Friday, February 23rd, Chris Ph.D. Diorio sold 16,060 shares of Impinj stock. The shares were sold at an average price of $101.16, for a total value of $1,624,629.60.
• On Tuesday, January 16th, Chris Ph.D. Diorio sold 855 shares of Impinj stock. The stock was sold at an average price of $81.16, for a total transaction of $69,391.80.

Impinj Trading Up 0.7 %

Shares of Impinj stock opened at $127.42 on Thursday. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -78.65 and a beta of 2.04. Impinj, Inc. has a 1 year low of $48.39 and a 1 year high of $142.70. The company’s fifty day simple moving average is $109.22 and its 200-day simple moving average is $84.74. The company has a current ratio of 8.73, a quick ratio of 5.59 and a debt-to-equity ratio of 8.26.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.11. The company had revenue of $70.65 million for 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, sell-side analysts expect that Impinj, Inc. will post -0.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PI shares. Canaccord Genuity Group lifted their price objective on shares of Impinj from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. The Goldman Sachs Group increased their price objective on Impinj from $89.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 9th. Needham & Company LLC upped their target price on Impinj from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. StockNews.com upgraded Impinj to a “sell” rating in a report on Friday, February 9th. Finally, Susquehanna boosted their price objective on shares of Impinj from $115.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Impinj presently has an average rating of “Hold” and a consensus target price of $114.38.

Hedge Funds Weigh In On Impinj

Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in shares of Impinj during the 1st quarter valued at about $39,000. GAMMA Investing LLC acquired a new stake in Impinj during the fourth quarter valued at approximately $40,000. KBC Group NV bought a new stake in shares of Impinj in the 4th quarter valued at approximately $47,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Impinj in the 3rd quarter worth approximately $55,000. Finally, Headlands Technologies LLC bought a new position in shares of Impinj during the 4th quarter worth approximately $58,000.

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.