2,178 Shares in Impinj, Inc. (NASDAQ:PI) Bought by Bailard Inc.

Bailard Inc. bought a new stake in Impinj, Inc. (NASDAQ:PI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,178 shares of the company’s stock, valued at approximately $316,000.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in shares of Impinj during the 3rd quarter valued at about $30,000. Farther Finance Advisors LLC grew its position in Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after buying an additional 141 shares during the period. IFP Advisors Inc grew its position in Impinj by 116.5% during the fourth quarter. IFP Advisors Inc now owns 368 shares of the company’s stock valued at $53,000 after buying an additional 198 shares during the period. Spire Wealth Management purchased a new stake in Impinj during the fourth quarter valued at approximately $87,000. Finally, KBC Group NV raised its position in Impinj by 33.5% in the fourth quarter. KBC Group NV now owns 909 shares of the company’s stock worth $132,000 after acquiring an additional 228 shares during the period.

Impinj Stock Performance

Shares of NASDAQ:PI opened at $94.82 on Thursday. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 69.72 and a beta of 1.88. The firm has a fifty day moving average price of $123.50 and a 200 day moving average price of $165.47. Impinj, Inc. has a fifty-two week low of $84.17 and a fifty-two week high of $239.88.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald raised shares of Impinj to a “strong-buy” rating in a research report on Thursday, February 27th. Susquehanna cut their price target on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a report on Wednesday, January 22nd. The Goldman Sachs Group reduced their price target on Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Piper Sandler lowered their price objective on Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Needham & Company LLC reduced their target price 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 analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.10.

Insiders Place Their Bets

In other news, CRO Jeffrey Dossett sold 2,666 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.81, for a total value 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. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Chris Ph.D. Diorio sold 8,334 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $98.78, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 22,323 shares of company stock valued at $2,454,588 in the last quarter. 51.00% of the stock is currently owned by 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.