Impinj, Inc. (NASDAQ:PI) Director Sells $526,080.25 in Stock

Impinj, Inc. (NASDAQ:PI) Director Umesh Padval sold 3,475 shares of Impinj stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $151.39, for a total transaction of $526,080.25. Following the completion of the transaction, the director now directly owns 3,529 shares in the company, valued at approximately $534,255.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Impinj Stock Performance

PI traded up $1.93 during trading on Tuesday, reaching $159.38. 684,605 shares of the company’s stock were exchanged, compared to its average volume of 428,237. Impinj, Inc. has a fifty-two week low of $48.39 and a fifty-two week high of $160.71. The company has a quick ratio of 6.87, a current ratio of 9.42 and a debt-to-equity ratio of 3.29. The business has a 50 day moving average price of $120.33 and a 200 day moving average price of $96.31. The company has a market capitalization of $4.42 billion, a P/E ratio of -455.37 and a beta of 2.05.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, April 24th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.14. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. The company had revenue of $76.83 million for the quarter, compared to the consensus estimate of $73.57 million. As a group, analysts predict that Impinj, Inc. will post -0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Impinj

Institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Impinj in the 1st quarter valued at $32,000. GAMMA Investing LLC bought a new position in shares of Impinj in the fourth quarter valued at about $40,000. Headlands Technologies LLC bought a new position in shares of Impinj in the fourth quarter valued at about $58,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Impinj by 117.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock valued at $124,000 after buying an additional 521 shares during the last quarter. Finally, Whittier Trust Co. bought a new position in shares of Impinj in the fourth quarter valued at about $90,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PI. Piper Sandler reissued an “overweight” rating and issued a $150.00 price target (up previously from $130.00) on shares of Impinj in a research report on Thursday, April 25th. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a research note on Friday. Roth Mkm raised their price objective on shares of Impinj from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Canaccord Genuity Group raised their price objective on shares of Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Susquehanna raised their price objective on shares of Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.89.

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.