137 Shares in Impinj, Inc. (NASDAQ:PI) Purchased by National Bank of Canada FI

National Bank of Canada FI acquired a new position in Impinj, Inc. (NASDAQ:PI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 137 shares of the company’s stock, valued at approximately $30,000.

Several other large investors also recently bought and sold shares of PI. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Impinj during the second quarter worth $566,000. Raymond James & Associates grew its stake in Impinj by 30.2% during the 2nd quarter. Raymond James & Associates now owns 18,861 shares of the company’s stock valued at $2,957,000 after acquiring an additional 4,373 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Impinj by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 121,159 shares of the company’s stock valued at $18,994,000 after acquiring an additional 7,496 shares during the last quarter. K.J. Harrison & Partners Inc lifted its stake in Impinj by 102.6% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 23,700 shares of the company’s stock worth $3,715,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Impinj by 79.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 66,361 shares of the company’s stock worth $10,403,000 after purchasing an additional 29,299 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PI shares. Susquehanna boosted their price objective on Impinj from $215.00 to $260.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. The Goldman Sachs Group boosted their price target on shares of Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. StockNews.com cut shares of Impinj from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Needham & Company LLC lifted their target price 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, Evercore ISI reissued an “outperform” rating and issued a $270.00 price target (up previously from $205.00) on shares of Impinj in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $224.60.

Insider Buying and Selling

In other news, CRO Jeffrey Dossett sold 488 shares of Impinj stock in a transaction on Monday, October 14th. The shares were 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 approximately $15,529,524.96. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Sylebra Capital Llc sold 22,373 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $195.00, for a total value of $4,362,735.00. Following the completion of the transaction, the insider now directly owns 2,999,175 shares in the company, valued at $584,839,125. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 655,674 shares of company stock valued at $131,623,305 in the last three months. 51.00% of the stock is owned by corporate insiders.

Impinj Trading Down 4.2 %

PI opened at $141.81 on Thursday. The stock’s 50-day moving average price is $192.37 and its 200 day moving average price is $177.56. Impinj, Inc. has a 12-month low of $78.17 and a 12-month high of $239.88. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 159.34 and a beta of 1.80.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, beating 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 net margin of 8.21% and a negative return on equity of 1.64%. The business’s quarterly revenue was up 46.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.36) earnings per share. On average, research analysts forecast that Impinj, Inc. will post 0.4 earnings per share for the current year.

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.