Jeffrey Dossett Sells 1,208 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 1,208 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $126.95, for a total transaction of $153,355.60. Following the completion of the transaction, the executive now owns 60,098 shares of the company’s stock, valued at $7,629,441.10. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• 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 transaction 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 shares were sold at an average price of $101.11, for a total transaction of $491,192.38.
• On Tuesday, January 16th, Jeffrey Dossett sold 371 shares of Impinj stock. The shares were sold at an average price of $81.17, for a total transaction of $30,114.07.

Impinj Stock Performance

Shares of NASDAQ PI opened at $127.42 on Thursday. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $142.70. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. The firm’s 50 day simple moving average is $109.22 and its 200-day simple moving average is $84.74.

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

Wall Street Analysts Forecast Growth

PI has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Impinj from $89.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 9th. StockNews.com upgraded shares of Impinj to a “sell” rating in a research note on Friday, February 9th. Roth Mkm raised their target price on shares of Impinj from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. 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 report on Thursday, March 14th. Finally, Needham & Company LLC raised their target price on shares of Impinj from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $114.38.

Hedge Funds Weigh In On Impinj

Several hedge funds and other institutional investors have recently made changes to their positions in PI. Sylebra Capital LLC increased its holdings in shares of Impinj by 6.3% in the fourth quarter. Sylebra Capital LLC now owns 4,197,352 shares of the company’s stock valued at $377,888,000 after purchasing an additional 248,786 shares during the period. FMR LLC lifted its position in shares of Impinj by 0.8% in the third quarter. FMR LLC now owns 4,028,894 shares of the company’s stock valued at $221,710,000 after acquiring an additional 31,289 shares in the last quarter. Sylebra Capital Ltd lifted its position in shares of Impinj by 4.1% in the first quarter. Sylebra Capital Ltd now owns 2,848,085 shares of the company’s stock valued at $385,972,000 after acquiring an additional 111,697 shares in the last quarter. BlackRock Inc. lifted its position in Impinj by 1.5% during the first quarter. BlackRock Inc. now owns 1,412,629 shares of the company’s stock worth $89,758,000 after buying an additional 20,404 shares during the period. Finally, Vanguard Group Inc. increased its stake in Impinj by 13.9% during the third quarter. Vanguard Group Inc. now owns 1,251,084 shares of the company’s stock worth $100,124,000 after acquiring an additional 153,039 shares during the last quarter.

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.