Insider Selling: IMPINJ Inc (NASDAQ:PI) CEO Sells $638,995.00 in Stock

IMPINJ Inc (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 18,257 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $35.00, for a total transaction of $638,995.00. Following the sale, the chief executive officer now directly owns 271,278 shares in the company, valued at approximately $9,494,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, July 11th, Chris Ph.D. Diorio sold 4,200 shares of IMPINJ stock. The shares were sold at an average price of $35.00, for a total transaction of $147,000.00.
  • On Monday, May 20th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00.
  • On Wednesday, May 15th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $27.29, for a total transaction of $272,900.00.
  • On Friday, May 17th, Chris Ph.D. Diorio sold 30,000 shares of IMPINJ stock. The shares were sold at an average price of $27.82, for a total transaction of $834,600.00.
  • On Monday, April 22nd, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00.
  • On Thursday, April 18th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00.

Shares of PI opened at $34.61 on Friday. IMPINJ Inc has a twelve month low of $13.25 and a twelve month high of $35.81. The stock has a market capitalization of $740.95 million, a P/E ratio of -50.90 and a beta of 2.71. The company has a current ratio of 4.79, a quick ratio of 3.11 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $28.85.

IMPINJ (NASDAQ:PI) last announced its earnings results on Monday, April 29th. The company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.15. IMPINJ had a negative net margin of 21.33% and a negative return on equity of 12.32%. The business had revenue of $33.10 million for the quarter, compared to the consensus estimate of $31.08 million. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. As a group, sell-side analysts forecast that IMPINJ Inc will post -0.4 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in PI. Rhumbline Advisers raised its stake in shares of IMPINJ by 44.4% in the fourth quarter. Rhumbline Advisers now owns 21,755 shares of the company’s stock valued at $317,000 after acquiring an additional 6,684 shares during the period. LPL Financial LLC raised its stake in shares of IMPINJ by 3.3% in the fourth quarter. LPL Financial LLC now owns 25,384 shares of the company’s stock valued at $369,000 after acquiring an additional 808 shares during the period. BlackRock Inc. raised its stake in shares of IMPINJ by 1.3% in the fourth quarter. BlackRock Inc. now owns 1,138,180 shares of the company’s stock valued at $16,560,000 after acquiring an additional 14,164 shares during the period. Citigroup Inc. raised its stake in shares of IMPINJ by 14,485.7% in the fourth quarter. Citigroup Inc. now owns 2,042 shares of the company’s stock valued at $30,000 after acquiring an additional 2,028 shares during the period. Finally, Barclays PLC raised its stake in shares of IMPINJ by 11.1% in the fourth quarter. Barclays PLC now owns 126,411 shares of the company’s stock valued at $1,840,000 after acquiring an additional 12,633 shares during the period. 65.13% of the stock is currently owned by institutional investors and hedge funds.

PI has been the topic of a number of recent research reports. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Dougherty & Co raised shares of IMPINJ from a “neutral” rating to a “buy” rating in a research note on Monday, July 1st. Piper Jaffray Companies upped their price target on shares of Shopify from $149.00 to $216.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Roth Capital reaffirmed a “buy” rating on shares of GENFIT S A/ADR in a research note on Tuesday, April 23rd. Finally, BidaskClub raised shares of SeaSpine from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. IMPINJ currently has a consensus rating of “Buy” and a consensus price target of $33.00.

About IMPINJ

Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.

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

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