Cwm LLC Has $1.25 Million Stock Position in Impinj, Inc. (NASDAQ:PI)

Cwm LLC lessened its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 12.9% during the third quarter, Holdings Channel.com reports. The firm owned 5,767 shares of the company’s stock after selling 855 shares during the quarter. Cwm LLC’s holdings in Impinj were worth $1,249,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Future Financial Wealth Managment LLC acquired a new stake in Impinj during the 1st quarter valued at approximately $32,000. SouthState Corp acquired a new stake in shares of Impinj during the second quarter worth $94,000. nVerses Capital LLC raised its stake in Impinj by 75.0% during the second quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $110,000 after buying an additional 300 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Impinj by 117.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock worth $124,000 after buying an additional 521 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. lifted its holdings in Impinj by 211.2% in the second quarter. Jamison Private Wealth Management Inc. now owns 809 shares of the company’s stock valued at $127,000 after buying an additional 549 shares during the period.

Wall Street Analyst Weigh In

PI has been the subject of a number of recent analyst reports. Susquehanna increased their price target on Impinj from $150.00 to $215.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Roth Mkm lifted their target price on Impinj from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Piper Sandler reissued an “overweight” rating and issued a $225.00 price target (up from $180.00) on shares of Impinj in a research note on Friday, September 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $205.00 price objective on shares of Impinj in a research report on Thursday, July 25th. Finally, StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.60.

Impinj Trading Up 0.2 %

NASDAQ PI opened at $233.63 on Thursday. The company has a market cap of $6.47 billion, a P/E ratio of -667.51 and a beta of 1.80. The company has a fifty day simple moving average of $187.78 and a 200 day simple moving average of $164.72. Impinj, Inc. has a 12-month low of $48.39 and a 12-month high of $239.88.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. Impinj had a net margin of 3.93% and a negative return on equity of 21.12%. The firm had revenue of $102.50 million during the quarter, compared to analysts’ expectations of $97.47 million. During the same period last year, the company earned ($0.14) earnings per share. The business’s revenue was up 19.2% on a year-over-year basis. Sell-side analysts predict that Impinj, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Cathal G. Phelan sold 209 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $209.15, for a total transaction of $43,712.35. Following the completion of the sale, the insider now owns 17,647 shares in the company, valued at approximately $3,690,870.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Cathal G. Phelan sold 209 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $209.15, for a total transaction of $43,712.35. Following the transaction, the insider now directly owns 17,647 shares of the company’s stock, valued at $3,690,870.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Jeffrey Dossett sold 488 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $237.84, for a total transaction of $116,065.92. Following the completion of the sale, the executive now directly owns 65,294 shares of the company’s stock, valued at $15,529,524.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,779 shares of company stock valued at $3,825,046. Corporate insiders own 51.00% of the company’s stock.

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.