Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio Sells 2,953 Shares

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 2,953 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $127.19, for a total value of $375,592.07. Following the completion of the sale, the chief executive officer now owns 284,349 shares in the company, valued at approximately $36,166,349.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, March 18th, Chris Ph.D. Diorio sold 612 shares of Impinj stock. The stock was sold at an average price of $123.56, for a total value of $75,618.72.
• On Monday, February 26th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The shares were sold at an average price of $105.00, for a total transaction of $525,000.00.
• On Friday, February 23rd, Chris Ph.D. Diorio sold 16,060 shares of Impinj stock. The stock was sold at an average price of $101.16, for a total transaction of $1,624,629.60.
• On Tuesday, January 16th, Chris Ph.D. Diorio sold 855 shares of Impinj stock. The stock was sold at an average price of $81.16, for a total transaction of $69,391.80.

Impinj Price Performance

Shares of NASDAQ:PI opened at $127.42 on Thursday. Impinj, Inc. has a twelve month low of $48.39 and a twelve month high of $142.70. The stock’s 50 day moving average is $109.22 and its 200-day moving average is $84.74. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of -78.65 and a beta of 2.04.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.11. Impinj had a negative net margin of 14.10% and a negative return on equity of 74.70%. The business had revenue of $70.65 million during the quarter, compared to analyst estimates of $67.10 million. Sell-side analysts forecast that Impinj, Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PI shares. StockNews.com raised shares of Impinj to a “sell” rating in a research report on Friday, February 9th. Roth Mkm boosted their price objective on Impinj from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Canaccord Genuity Group raised their target price on Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. The Goldman Sachs Group boosted their price target on Impinj from $89.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Needham & Company LLC increased their price target on Impinj from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $114.38.

Institutional Investors Weigh In On Impinj

Institutional investors and hedge funds have recently made changes to their positions in the business. Sylebra Capital LLC boosted its stake in Impinj by 6.3% during the 4th quarter. Sylebra Capital LLC now owns 4,197,352 shares of the company’s stock valued at $377,888,000 after purchasing an additional 248,786 shares during the last quarter. FMR LLC lifted its holdings in shares of Impinj by 0.8% in the third quarter. FMR LLC now owns 4,028,894 shares of the company’s stock valued at $221,710,000 after purchasing an additional 31,289 shares in the last quarter. Sylebra Capital Ltd boosted its position in shares of Impinj by 4.1% during the first quarter. Sylebra Capital Ltd now owns 2,848,085 shares of the company’s stock valued at $385,972,000 after buying an additional 111,697 shares during the last quarter. BlackRock Inc. grew its holdings in Impinj by 1.5% during the first quarter. BlackRock Inc. now owns 1,412,629 shares of the company’s stock worth $89,758,000 after buying an additional 20,404 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Impinj by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,251,084 shares of the company’s stock valued at $100,124,000 after buying an additional 153,039 shares during 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.