IMPINJ Inc (PI) EVP Acquires $102,000.00 in Stock

IMPINJ Inc (NASDAQ:PI) EVP Jeffrey Dossett bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $12.75 per share, with a total value of $102,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

IMPINJ Inc (NASDAQ:PI) opened at $12.54 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.49 and a quick ratio of 4.97. IMPINJ Inc has a twelve month low of $9.95 and a twelve month high of $60.85.

IMPINJ (NASDAQ:PI) last released its earnings results on Thursday, February 15th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.09). IMPINJ had a negative return on equity of 5.93% and a negative net margin of 13.82%. The company had revenue of $26.90 million during the quarter, compared to analysts’ expectations of $29.50 million. During the same period in the prior year, the company posted $0.11 earnings per share. The company’s revenue was down 20.2% on a year-over-year basis. analysts predict that IMPINJ Inc will post -1.37 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of IMPINJ by 66.5% in the third quarter. Wells Fargo & Company MN now owns 28,463 shares of the company’s stock worth $1,184,000 after acquiring an additional 11,365 shares during the last quarter. Pier 88 Investment Partners LLC grew its stake in shares of IMPINJ by 98.0% in the third quarter. Pier 88 Investment Partners LLC now owns 7,678 shares of the company’s stock worth $319,000 after acquiring an additional 3,800 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of IMPINJ in the third quarter worth $1,453,000. Voya Investment Management LLC purchased a new stake in shares of IMPINJ in the second quarter worth $406,000. Finally, Stifel Financial Corp purchased a new stake in shares of IMPINJ in the third quarter worth $269,000. 74.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on PI. Canaccord Genuity reiterated a “hold” rating on shares of IMPINJ in a report on Friday, February 16th. Zacks Investment Research downgraded IMPINJ from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Piper Jaffray Companies downgraded IMPINJ from an “overweight” rating to a “neutral” rating in a report on Thursday, November 2nd. Needham & Company LLC downgraded IMPINJ from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BidaskClub downgraded IMPINJ from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. IMPINJ currently has an average rating of “Hold” and an average target price of $26.29.

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About IMPINJ

Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.

Insider Buying and Selling by Quarter for IMPINJ (NASDAQ:PI)

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