Chris Ph.D. Diorio Sells 841 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 841 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $141.02, for a total value of $118,597.82. Following the completion of the transaction, the chief executive officer now directly owns 333,856 shares of the company’s stock, valued at $47,080,373.12. This represents a 0.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Chris Ph.D. Diorio also recently made the following trade(s):

• On Tuesday, December 24th, Chris Ph.D. Diorio sold 1,504 shares of Impinj stock. The stock was sold at an average price of $146.22, for a total value of $219,914.88.
• On Tuesday, October 29th, Chris Ph.D. Diorio sold 34,474 shares of Impinj stock. The stock was sold at an average price of $201.51, for a total value of $6,946,855.74.

Impinj Price Performance

PI stock opened at $136.52 on Thursday. The company has a market cap of $3.86 billion, a P/E ratio of 153.39 and a beta of 1.88. Impinj, Inc. has a 1 year low of $78.17 and a 1 year high of $239.88. The stock’s fifty day moving average price is $166.12 and its 200-day moving average price is $176.71.

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

Hedge Funds Weigh In On Impinj

Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its holdings in Impinj by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 32,900 shares of the company’s stock worth $5,158,000 after purchasing an additional 248 shares during the period. Quantbot Technologies LP bought a new position in Impinj in the 2nd quarter worth $4,415,000. Renaissance Technologies LLC bought a new position in Impinj in the 2nd quarter worth $30,116,000. Hsbc Holdings PLC raised its holdings in Impinj by 7.3% in the 2nd quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock worth $432,000 after purchasing an additional 190 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Impinj in the 2nd quarter worth $204,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PI. StockNews.com downgraded Impinj from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Piper Sandler restated an “overweight” rating and issued a $235.00 price target (up previously from $225.00) on shares of Impinj in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price target on Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Evercore ISI restated 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. Finally, Susquehanna increased their target price on Impinj from $215.00 to $260.00 and gave the company a “positive” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.60.

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.