Impinj, Inc. (NASDAQ:PI) CEO Sells $289,902.58 in Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 1,219 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $237.82, for a total transaction of $289,902.58. Following the completion of the sale, the chief executive officer now directly owns 294,438 shares of the company’s stock, valued at $70,023,245.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, September 24th, Chris Ph.D. Diorio sold 1,498 shares of Impinj stock. The stock was sold at an average price of $209.12, for a total transaction of $313,261.76.

Impinj Trading Down 1.7 %

Shares of Impinj stock opened at $229.76 on Friday. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of -656.46 and a beta of 1.80. Impinj, Inc. has a 1-year low of $48.39 and a 1-year high of $239.88. The firm has a fifty day simple moving average of $189.41 and a 200-day simple moving average of $165.17.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Impinj had a negative return on equity of 21.12% and a net margin of 3.93%. The business had revenue of $102.50 million for the quarter, compared to analyst estimates of $97.47 million. During the same period in the previous year, the company posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. As a group, research analysts predict that Impinj, Inc. will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Impinj by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 2,510,583 shares of the company’s stock worth $322,384,000 after acquiring an additional 35,893 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Impinj during the second quarter worth $103,252,000. Janus Henderson Group PLC increased its holdings in Impinj by 0.6% in the 1st quarter. Janus Henderson Group PLC now owns 439,562 shares of the company’s stock valued at $56,376,000 after buying an additional 2,681 shares during the period. Jennison Associates LLC acquired a new position in shares of Impinj in the 1st quarter valued at $25,747,000. Finally, Renaissance Technologies LLC bought a new position in shares of Impinj during the 2nd quarter worth about $30,116,000.

Analyst Ratings Changes

Several brokerages recently issued reports on PI. Evercore ISI increased their price objective on Impinj from $172.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $205.00 price target on shares of Impinj in a report on Thursday, July 25th. Roth Mkm increased their price objective on Impinj from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Lake Street Capital boosted their target price on shares of Impinj from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $191.60.

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.