Impinj, Inc. (NASDAQ:PI) Shares Purchased by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. increased its stake in Impinj, Inc. (NASDAQ:PI) by 91.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,638 shares of the company’s stock after purchasing an additional 1,263 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Impinj were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of PI. Inspire Investing LLC lifted its stake in Impinj by 45.0% during the 4th quarter. Inspire Investing LLC now owns 2,752 shares of the company’s stock valued at $400,000 after acquiring an additional 854 shares during the period. Harbour Capital Advisors LLC boosted its holdings in Impinj by 14.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 3,445 shares of the company’s stock valued at $521,000 after purchasing an additional 425 shares during the last quarter. Diversified Trust Co grew its position in Impinj by 11.9% during the 4th quarter. Diversified Trust Co now owns 2,251 shares of the company’s stock worth $327,000 after purchasing an additional 240 shares during the period. Nordea Investment Management AB purchased a new position in shares of Impinj during the 4th quarter valued at about $3,341,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Impinj by 4,013.7% in the 3rd quarter. Principal Financial Group Inc. now owns 125,633 shares of the company’s stock valued at $27,202,000 after buying an additional 122,579 shares during the period.

Impinj Price Performance

Shares of Impinj stock opened at $136.21 on Monday. The business has a 50 day simple moving average of $158.20 and a two-hundred day simple moving average of $175.60. The stock has a market capitalization of $3.85 billion, a P/E ratio of 153.04 and a beta of 1.88. Impinj, Inc. has a 12 month low of $95.96 and a 12 month high of $239.88.

Analysts Set New Price Targets

PI has been the topic of a number of analyst reports. Lake Street Capital raised their price objective on shares of Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Cantor Fitzgerald lifted their price objective on shares of Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their target price on shares of Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Susquehanna lowered their price target on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.30.

Insider Buying and Selling

In other Impinj news, CEO Chris Ph.D. Diorio sold 34,474 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $201.51, for a total value of $6,946,855.74. Following the transaction, the chief executive officer now directly owns 294,438 shares in the company, valued at $59,332,201.38. The trade was a 10.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Cary Baker sold 499 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total value of $72,883.94. Following the completion of the transaction, the chief financial officer now owns 71,107 shares in the company, valued at $10,385,888.42. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 630,038 shares of company stock worth $125,943,693. 51.00% of the stock is owned by corporate insiders.

Impinj 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.