Impinj, Inc. (NASDAQ:PI) CEO Sells $118,597.82 in Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 841 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $141.02, for a total value of $118,597.82. Following the completion of the transaction, the chief executive officer now directly owns 333,856 shares of the company’s stock, valued at approximately $47,080,373.12. The trade was a 0.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, December 24th, Chris Ph.D. Diorio sold 1,504 shares of Impinj stock. The stock was sold at an average price of $146.22, for a total value of $219,914.88.
• On Tuesday, October 29th, Chris Ph.D. Diorio sold 34,474 shares of Impinj stock. The shares were sold at an average price of $201.51, for a total transaction of $6,946,855.74.

Impinj Price Performance

Shares of Impinj stock opened at $132.51 on Friday. The stock’s 50-day moving average is $164.71 and its 200 day moving average is $176.40. Impinj, Inc. has a one year low of $87.15 and a one year high of $239.88. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 148.89 and a beta of 1.88.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. The company had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.86 million. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The company’s quarterly revenue was up 46.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.36) EPS. On average, sell-side analysts expect that Impinj, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on PI shares. Piper Sandler restated an “overweight” rating and issued a $235.00 price target (up from $225.00) on shares of Impinj in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Evercore ISI reaffirmed an “outperform” rating and set a $270.00 target price (up from $205.00) on shares of Impinj in a research report on Thursday, October 24th. Susquehanna upped their price target on Impinj from $215.00 to $260.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Finally, StockNews.com raised Impinj from a “sell” rating to a “hold” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.60.

Institutional Investors Weigh In On Impinj

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its stake in Impinj by 0.8% in the second quarter. Rhumbline Advisers now owns 32,900 shares of the company’s stock valued at $5,158,000 after acquiring an additional 248 shares during the period. Quantbot Technologies LP bought a new stake in Impinj during the 2nd quarter valued at $4,415,000. Renaissance Technologies LLC acquired a new position in Impinj during the second quarter worth $30,116,000. Hsbc Holdings PLC lifted its stake in shares of Impinj by 7.3% in the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock valued at $432,000 after buying an additional 190 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Impinj during the second quarter valued at about $204,000.

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.