Courier Capital LLC Buys Shares of 1,000 Impinj, Inc. (NASDAQ:PI)

Courier Capital LLC purchased a new position in shares of Impinj, Inc. (NASDAQ:PI) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 1,000 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Impinj during the first quarter worth about $513,000. TimesSquare Capital Management LLC bought a new position in Impinj in the 1st quarter worth approximately $19,195,000. Harbor Capital Advisors Inc. boosted its holdings in Impinj by 112.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,533 shares of the company’s stock worth $2,122,000 after buying an additional 7,151 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Impinj by 13.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,111 shares of the company’s stock valued at $7,990,000 after acquiring an additional 7,247 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Impinj by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,510,583 shares of the company’s stock valued at $322,384,000 after acquiring an additional 35,893 shares during the period.

Insider Buying and Selling at Impinj

In related news, CRO Jeffrey Dossett sold 15,000 shares of Impinj stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $157.81, for a total value of $2,367,150.00. Following the transaction, the executive now owns 63,642 shares in the company, valued at $10,043,344.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Jeffrey Dossett sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $157.81, for a total transaction of $2,367,150.00. Following the transaction, the executive now directly owns 63,642 shares in the company, valued at $10,043,344.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Cary Baker sold 366 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $237.83, for a total value of $87,045.78. Following the completion of the sale, the chief financial officer now owns 71,096 shares of the company’s stock, valued at $16,908,761.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,779 shares of company stock worth $3,825,046 over the last ninety days. Insiders own 51.00% of the company’s stock.

Wall Street Analyst Weigh In

PI has been the subject of several recent research reports. Roth Mkm lifted their price target on Impinj from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Cantor Fitzgerald upped their price target on Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday. Susquehanna raised their price objective on shares of Impinj from $215.00 to $260.00 and gave the company a “positive” rating in a research report on Monday. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, Evercore ISI reissued an “outperform” rating and issued a $270.00 price target (up from $205.00) on shares of Impinj in a report on Thursday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and a consensus target price of $220.20.

Impinj Stock Performance

Shares of NASDAQ:PI opened at $192.21 on Friday. The firm has a market capitalization of $5.40 billion, a PE ratio of 662.79 and a beta of 1.80. Impinj, Inc. has a 52-week low of $48.39 and a 52-week high of $239.88. The firm has a fifty day moving average of $195.60 and a 200 day moving average of $168.43.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $92.86 million. Impinj had a negative return on equity of 21.12% and a net margin of 3.93%. The company’s revenue for the quarter was up 46.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.36) EPS. On average, sell-side analysts forecast that Impinj, Inc. will post 0.31 EPS for the current fiscal year.

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.