Impinj, Inc. (NASDAQ:PI) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in shares of Impinj, Inc. (NASDAQ:PI) by 33.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,293 shares of the company’s stock after selling 646 shares during the quarter. Pacer Advisors Inc.’s holdings in Impinj were worth $188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV raised its holdings in Impinj by 33.5% in the 4th quarter. KBC Group NV now owns 909 shares of the company’s stock valued at $132,000 after buying an additional 228 shares during the period. Jamison Private Wealth Management Inc. raised its holdings in Impinj by 91.9% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,638 shares of the company’s stock valued at $383,000 after buying an additional 1,263 shares during the period. Inspire Investing LLC raised its holdings in Impinj by 45.0% in the 4th quarter. Inspire Investing LLC now owns 2,752 shares of the company’s stock valued at $400,000 after buying an additional 854 shares during the period. Harbour Capital Advisors LLC raised its holdings in Impinj by 14.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 3,445 shares of the company’s stock valued at $521,000 after buying an additional 425 shares during the period. Finally, Diversified Trust Co raised its holdings in Impinj by 11.9% in the 4th quarter. Diversified Trust Co now owns 2,251 shares of the company’s stock valued at $327,000 after buying an additional 240 shares during the period.

Insider Transactions at Impinj

In other Impinj news, major shareholder Sylebra Capital Llc sold 250,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $203.00, for a total value of $50,750,000.00. Following the completion of the sale, the insider now owns 2,222,352 shares of the company’s stock, valued at approximately $451,137,456. This trade represents a 10.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cary Baker sold 290 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $140.96, for a total value of $40,878.40. Following the completion of the sale, the chief financial officer now directly owns 71,754 shares of the company’s stock, valued at approximately $10,114,443.84. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 355,681 shares of company stock worth $71,579,446. Insiders own 51.00% of the company’s stock.

Impinj Trading Up 3.4 %

Shares of PI opened at $126.55 on Wednesday. The firm has a market cap of $3.58 billion, a PE ratio of 142.19 and a beta of 1.88. The company’s 50 day simple moving average is $149.90 and its 200-day simple moving average is $173.40. Impinj, Inc. has a 12-month low of $97.77 and a 12-month high of $239.88.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PI. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Evercore ISI reiterated an “outperform” rating and set a $270.00 price target (up from $205.00) on shares of Impinj in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Cantor Fitzgerald boosted their price objective on Impinj from $205.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Needham & Company LLC lowered their price target on Impinj from $245.00 to $182.00 and set a “buy” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $214.30.

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.