Quantbot Technologies LP Has $4.18 Million Position in Impinj, Inc. (NASDAQ:PI)

Quantbot Technologies LP grew its holdings in Impinj, Inc. (NASDAQ:PI) by 85.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,745 shares of the company’s stock after buying an additional 13,252 shares during the quarter. Quantbot Technologies LP owned approximately 0.10% of Impinj worth $4,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PI. National Bank of Canada FI acquired a new stake in shares of Impinj in the 3rd quarter valued at $30,000. Farther Finance Advisors LLC increased its position in Impinj by 1,084.6% in 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 period. SBI Securities Co. Ltd. bought a new stake in Impinj during the 4th quarter worth about $33,000. Jones Financial Companies Lllp lifted its position in Impinj by 205.9% during the 4th quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock valued at $38,000 after purchasing an additional 175 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Impinj by 116.5% during the 4th quarter. IFP Advisors Inc now owns 368 shares of the company’s stock worth $53,000 after buying an additional 198 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald raised shares of Impinj to a “strong-buy” rating in a research note on Thursday, February 27th. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Needham & Company LLC cut their target price on Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Piper Sandler decreased their target price on Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Susquehanna cut their price target on shares of Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.44.

Impinj Stock Up 1.0 %

NASDAQ:PI opened at $90.34 on Friday. Impinj, Inc. has a twelve month low of $84.17 and a twelve month high of $239.88. The company has a market cap of $2.58 billion, a P/E ratio of 66.43 and a beta of 1.98. The business has a 50 day moving average price of $116.06 and a two-hundred day moving average price of $162.17.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. As a group, analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Cathal G. Phelan sold 565 shares of Impinj stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $98.77, for a total transaction of $55,805.05. Following the completion of the transaction, the insider now owns 7,925 shares in the company, valued at approximately $782,752.25. This trade represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Cary Baker sold 290 shares of the company’s stock in a transaction that occurred 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 owns 71,754 shares in the company, valued at $10,114,443.84. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,323 shares of company stock valued at $2,454,588 in the last 90 days. 51.00% of the stock is currently owned by insiders.

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.