Impinj, Inc. (NASDAQ:PI) CEO Sells $313,261.76 in Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 1,498 shares of Impinj stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $209.12, for a total transaction of $313,261.76. Following the transaction, the chief executive officer now directly owns 292,532 shares of the company’s stock, valued at $61,174,291.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, July 15th, Chris Ph.D. Diorio sold 1,187 shares of Impinj stock. The shares were sold at an average price of $175.43, for a total value of $208,235.41.
• On Monday, July 8th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The stock was sold at an average price of $162.32, for a total value of $811,600.00.
• On Monday, July 1st, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The shares were sold at an average price of $154.03, for a total value of $770,150.00.

Impinj Trading Down 2.1 %

PI opened at $213.31 on Friday. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of -608.49 and a beta of 1.78. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $220.17. The stock has a fifty day moving average price of $168.51 and a 200-day moving average price of $154.71.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.74 by $0.09. Impinj had a net margin of 3.93% and a negative return on equity of 21.12%. The business had revenue of $102.50 million during the quarter, compared to analyst estimates of $97.47 million. During the same period in the prior year, the firm posted ($0.14) earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. On average, equities research analysts forecast that Impinj, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on PI shares. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Piper Sandler reaffirmed an “overweight” rating and set a $225.00 target price (up from $180.00) on shares of Impinj in a research report on Friday. Evercore ISI increased their price objective on Impinj from $172.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $205.00 target price on shares of Impinj in a research report on Thursday, July 25th. Finally, Roth Mkm increased their price target on Impinj from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $191.60.

Institutional Investors Weigh In On Impinj

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Impinj by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 180,847 shares of the company’s stock worth $16,282,000 after acquiring an additional 6,810 shares in the last quarter. UBS Group AG boosted its stake in Impinj by 0.7% in the 4th quarter. UBS Group AG now owns 91,409 shares of the company’s stock worth $8,230,000 after purchasing an additional 637 shares in the last quarter. Trexquant Investment LP purchased a new stake in Impinj during the 4th quarter worth approximately $1,569,000. Eagle Asset Management Inc. increased its stake in Impinj by 19.6% during the 4th quarter. Eagle Asset Management Inc. now owns 204,767 shares of the company’s stock valued at $18,435,000 after purchasing an additional 33,504 shares in the last quarter. Finally, Capital International Investors purchased a new position in shares of Impinj in the fourth quarter worth $68,211,000.

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.