Jeffrey Dossett Sells 2,666 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 2,666 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $98.81, for a total transaction of $263,427.46. Following the completion of the sale, the executive now directly owns 71,886 shares of the company’s stock, valued at $7,103,055.66. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, January 13th, Jeffrey Dossett sold 378 shares of Impinj stock. The stock was sold at an average price of $141.05, for a total transaction of $53,316.90.
• On Tuesday, December 24th, Jeffrey Dossett sold 580 shares of Impinj stock. The stock was sold at an average price of $146.06, for a total transaction of $84,714.80.

Impinj Stock Down 1.6 %

Impinj stock opened at $93.14 on Wednesday. The firm has a 50-day moving average price of $131.02 and a two-hundred day moving average price of $168.64. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 68.49 and a beta of 1.88. Impinj, Inc. has a 52-week low of $91.99 and a 52-week high of $239.88.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%. Research analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Susquehanna decreased their price target on shares of Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a report on Wednesday, January 22nd. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Cantor Fitzgerald decreased their price target on shares of Impinj from $260.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Needham & Company LLC decreased their price target on shares of Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.10.

Institutional Trading of Impinj

A number of institutional investors have recently made changes to their positions in PI. Creative Planning lifted its stake in shares of Impinj by 23.4% in the 3rd quarter. Creative Planning now owns 12,046 shares of the company’s stock worth $2,608,000 after acquiring an additional 2,287 shares during the period. Raymond James & Associates lifted its stake 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 during the period. Highland Capital Management LLC acquired a new stake in shares of Impinj in the 3rd quarter worth approximately $222,000. Louisiana State Employees Retirement System acquired a new stake in shares of Impinj in the 3rd quarter worth approximately $2,382,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Impinj by 157.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,278 shares of the company’s stock worth $2,009,000 after acquiring an additional 5,669 shares during the period.

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.