Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 7,500 Shares

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 7,500 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.17, for a total transaction of $1,358,775.00. Following the completion of the transaction, the executive now owns 65,294 shares of the company’s stock, valued at $11,829,313.98. This trade represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, October 14th, Jeffrey Dossett sold 488 shares of Impinj stock. The stock was sold at an average price of $237.84, for a total value of $116,065.92.
• On Tuesday, September 24th, Jeffrey Dossett sold 577 shares of Impinj stock. The shares were sold at an average price of $209.20, for a total value of $120,708.40.

Impinj Price Performance

NASDAQ PI opened at $176.51 on Friday. Impinj, Inc. has a 1 year low of $78.17 and a 1 year high of $239.88. The stock has a market capitalization of $4.99 billion, a PE ratio of 198.33 and a beta of 1.81. The business’s 50-day moving average is $205.73 and its 200 day moving average is $175.88.

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

Analysts Set New Price Targets

Several analysts have issued reports on PI shares. Cantor Fitzgerald increased their price target on shares of Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Roth Mkm increased their target price on shares of Impinj from $145.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Lake Street Capital lifted their target price on shares of Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Needham & Company LLC lifted their price objective on Impinj from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.60.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PI. Los Angeles Capital Management LLC boosted its stake in shares of Impinj by 210.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 8,569 shares of the company’s stock valued at $1,855,000 after purchasing an additional 5,807 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Impinj in the first quarter worth about $513,000. Principal Financial Group Inc. boosted its position in Impinj by 4,013.7% during the 3rd quarter. Principal Financial Group Inc. now owns 125,633 shares of the company’s stock valued at $27,202,000 after acquiring an additional 122,579 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Impinj by 112.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,533 shares of the company’s stock worth $2,122,000 after acquiring an additional 7,151 shares during the period. Finally, Raymond James & Associates raised its position in shares of Impinj by 21.7% in the 3rd quarter. Raymond James & Associates now owns 22,951 shares of the company’s stock worth $4,969,000 after acquiring an additional 4,090 shares in 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.