Chris Ph.D. Diorio Sells 8,334 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 8,334 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.78, for a total transaction of $823,232.52. Following the transaction, the chief executive officer now directly owns 354,076 shares in the company, valued at approximately $34,975,627.28. This represents a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 13th, Chris Ph.D. Diorio sold 841 shares of Impinj stock. The shares were sold at an average price of $141.02, for a total transaction of $118,597.82.
• 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.

Impinj Trading Up 3.4 %

PI opened at $96.28 on Thursday. Impinj, Inc. has a twelve month low of $91.99 and a twelve month high of $239.88. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 70.79 and a beta of 1.88. The company has a fifty day simple moving average of $129.92 and a 200 day simple moving average of $168.24.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share 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%. On average, analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Impinj

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors increased its position in shares of Impinj by 45.0% in the 4th quarter. Capital International Investors now owns 1,527,587 shares of the company’s stock worth $221,897,000 after purchasing an additional 473,721 shares during the last quarter. Janus Henderson Group PLC grew its stake in Impinj by 3,824.4% in the fourth quarter. Janus Henderson Group PLC now owns 435,960 shares of the company’s stock worth $63,310,000 after purchasing an additional 424,851 shares in the last quarter. Norges Bank bought a new stake in Impinj in the fourth quarter valued at about $40,100,000. Sylebra Capital LLC raised its stake in Impinj by 8.6% during the fourth quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company’s stock valued at $504,360,000 after buying an additional 274,764 shares in the last quarter. Finally, State Street Corp lifted its holdings in Impinj by 25.7% during the 3rd quarter. State Street Corp now owns 1,078,676 shares of the company’s stock worth $233,555,000 after buying an additional 220,776 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have commented on PI. Susquehanna dropped their price target on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. Cantor Fitzgerald dropped their target price on shares of Impinj from $260.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group reduced their price target on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Piper Sandler decreased their price objective on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Needham & Company LLC cut their target price on shares of Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.10.

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.