Impinj, Inc. (NASDAQ:PI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in shares of Impinj, Inc. (NASDAQ:PI) by 94.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,109 shares of the company’s stock after selling 206,164 shares during the period. Janus Henderson Group PLC’s holdings in Impinj were worth $2,406,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. 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. Future Financial Wealth Managment LLC purchased a new position in Impinj in the third quarter valued at about $54,000. SouthState Corp acquired a new position in Impinj during the 2nd quarter worth approximately $94,000. nVerses Capital LLC lifted its position in shares of Impinj by 75.0% during the second quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $110,000 after purchasing an additional 300 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Impinj during the third quarter valued at about $138,000.

Impinj Price Performance

NASDAQ:PI opened at $158.79 on Friday. The stock has a market cap of $4.49 billion, a PE ratio of 178.42 and a beta of 1.80. The stock’s 50-day moving average is $198.32 and its two-hundred day moving average is $177.86. Impinj, Inc. has a fifty-two week low of $78.17 and a fifty-two week high of $239.88.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The firm had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $92.86 million. During the same quarter last year, the firm earned ($0.36) earnings per share. The business’s revenue for the quarter was up 46.5% on a year-over-year basis. On average, equities research analysts anticipate that Impinj, Inc. will post 0.4 earnings per share for the current year.

Insider Buying and Selling at Impinj

In related news, CEO Chris Ph.D. Diorio sold 1,498 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $209.12, for a total transaction of $313,261.76. Following the transaction, the chief executive officer now directly owns 292,532 shares in the company, valued at $61,174,291.84. The trade was a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Jeffrey Dossett sold 488 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $237.84, for a total value of $116,065.92. Following the completion of the transaction, the executive now owns 65,294 shares of the company’s stock, valued at $15,529,524.96. The trade was a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 655,674 shares of company stock worth $131,623,305 over the last three months. Corporate insiders own 51.00% of the company’s stock.

Analyst Upgrades and Downgrades

PI has been the subject of a number of research analyst reports. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Evercore ISI reaffirmed an “outperform” rating and set a $270.00 price target (up previously from $205.00) on shares of Impinj in a research report on Thursday, October 24th. Cantor Fitzgerald boosted their price target on Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Needham & Company LLC increased their price objective on shares of Impinj from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Piper Sandler reissued an “overweight” rating and set a $235.00 price target (up previously from $225.00) on shares of Impinj in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and an average target price of $224.60.

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.