Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio Sells 26,661 Shares

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 26,661 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $147.02, for a total transaction of $3,919,700.22. Following the completion of the sale, the chief executive officer now owns 286,230 shares of the company’s stock, valued at approximately $42,081,534.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, April 15th, Chris Ph.D. Diorio sold 1,244 shares of Impinj stock. The shares were sold at an average price of $118.67, for a total transaction of $147,625.48.
• On Monday, March 25th, Chris Ph.D. Diorio sold 2,953 shares of Impinj stock. The shares were sold at an average price of $127.19, for a total transaction of $375,592.07.
• On Monday, March 18th, Chris Ph.D. Diorio sold 612 shares of Impinj stock. The shares were sold at an average price of $123.56, for a total value of $75,618.72.
• On Monday, February 26th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The stock was sold at an average price of $105.00, for a total transaction of $525,000.00.
• On Friday, February 23rd, Chris Ph.D. Diorio sold 16,060 shares of Impinj stock. The shares were sold at an average price of $101.16, for a total transaction of $1,624,629.60.

Impinj Stock Up 1.2 %

NASDAQ PI traded up $1.93 on Tuesday, hitting $159.38. 684,605 shares of the stock were exchanged, compared to its average volume of 428,237. Impinj, Inc. has a fifty-two week low of $48.39 and a fifty-two week high of $160.71. The company has a 50-day moving average price of $120.33 and a 200-day moving average price of $96.31. The company has a quick ratio of 6.87, a current ratio of 9.42 and a debt-to-equity ratio of 3.29. The company has a market cap of $4.42 billion, a PE ratio of -455.37 and a beta of 2.05.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, April 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.14. Impinj had a negative return on equity of 60.13% and a negative net margin of 1.90%. The company had revenue of $76.83 million for the quarter, compared to analyst estimates of $73.57 million. Sell-side analysts anticipate that Impinj, Inc. will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Impinj

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Impinj by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,128 shares of the company’s stock worth $462,000 after purchasing an additional 115 shares during the last quarter. Wealth Effects LLC increased its position in Impinj by 1.0% during the first quarter. Wealth Effects LLC now owns 15,145 shares of the company’s stock worth $1,945,000 after purchasing an additional 150 shares during the last quarter. Arizona State Retirement System increased its stake in Impinj by 3.3% during the third quarter. Arizona State Retirement System now owns 6,450 shares of the company’s stock worth $355,000 after acquiring an additional 205 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Impinj in the first quarter valued at approximately $32,000. Finally, GAMMA Investing LLC purchased a new position in Impinj in the fourth quarter valued at about $40,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PI shares. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a research note on Friday. Needham & Company LLC raised their target price on Impinj from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Roth Mkm boosted their price target on Impinj from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Evercore ISI assumed coverage on shares of Impinj in a research report on Tuesday, April 16th. They set an “outperform” rating and a $160.00 price objective for the company. Finally, Susquehanna upped their price target on Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Impinj has an average rating of “Moderate Buy” and an average target price of $132.89.

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.