Impinj, Inc. (NASDAQ:PI) CEO Sells $823,232.52 in Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 8,334 shares of the business’s stock in a transaction dated 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 owns 354,076 shares in the company, valued at approximately $34,975,627.28. This trade represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value 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 Price Performance

Shares of NASDAQ PI opened at $96.28 on Thursday. The firm’s 50-day moving average is $129.92 and its two-hundred day moving average is $168.24. Impinj, Inc. has a 12-month low of $91.99 and a 12-month high of $239.88. The company has a market capitalization of $2.75 billion, a PE ratio of 70.79 and a beta of 1.88.

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%. On average, analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Institutional Trading of Impinj

A number of large investors have recently made changes to their positions in PI. Canada Pension Plan Investment Board purchased a new stake in Impinj in the 4th quarter worth approximately $29,000. National Bank of Canada FI acquired a new stake in shares of Impinj during the third quarter worth $30,000. Farther Finance Advisors LLC boosted its holdings in shares of Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after purchasing an additional 141 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Impinj in the fourth quarter valued at $33,000. Finally, Jones Financial Companies Lllp increased its stake in Impinj by 205.9% in the fourth quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter.

Analyst Ratings Changes

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

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.