Chris Ph.D. Diorio Sells 8,334 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 8,334 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $118,597.82.
• On Tuesday, December 24th, Chris Ph.D. Diorio sold 1,504 shares of Impinj stock. The shares were sold at an average price of $146.22, for a total transaction of $219,914.88.

Impinj Trading Down 2.2 %

Impinj stock opened at $94.62 on Tuesday. Impinj, Inc. has a 12 month low of $93.54 and a 12 month high of $239.88. The stock’s 50 day simple moving average is $131.02 and its two-hundred day simple moving average is $168.64. The firm has a market cap of $2.70 billion, a PE ratio of 69.57 and a beta of 1.88.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) 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%. On average, equities research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Susquehanna dropped their target price on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC dropped their target price on Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Cantor Fitzgerald dropped their target price on Impinj from $260.00 to $133.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler dropped their target price on Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $180.10.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. National Bank of Canada FI acquired a new position in shares of Impinj during the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC raised its stake in shares of Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after buying an additional 141 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Impinj during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Impinj during the 4th quarter worth approximately $33,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Impinj by 205.9% during the 4th quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock worth $38,000 after buying an additional 175 shares during the period.

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.