By otakuyassine3@gmail.com 
Impinj, Inc. (NASDAQ:PI – Get Free Report) CRO Jeffrey Dossett sold 378 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $141.05, for a total value of $53,316.90. Following the completion of the sale, the executive now directly owns 67,052 shares of the company’s stock, valued at approximately $9,457,684.60. This trade represents a 0.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Jeffrey Dossett also recently made the following trade(s):
- On Tuesday, December 24th, Jeffrey Dossett sold 580 shares of Impinj stock. The stock was sold at an average price of $146.06, for a total value of $84,714.80.
- On Thursday, November 14th, Jeffrey Dossett sold 7,500 shares of Impinj stock. The shares were sold at an average price of $181.17, for a total value of $1,358,775.00.
Impinj Stock Performance
PI opened at $132.51 on Friday. The company has a market cap of $3.75 billion, a PE ratio of 148.89 and a beta of 1.88. The stock has a 50-day moving average of $164.71 and a 200-day moving average of $176.40. Impinj, Inc. has a 52-week low of $87.15 and a 52-week high of $239.88.
Impinj (NASDAQ:PI – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The firm had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $92.86 million. During the same quarter in the prior year, the business earned ($0.36) earnings per share. The company’s revenue was up 46.5% on a year-over-year basis. On average, research analysts predict that Impinj, Inc. will post 0.4 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages recently commented on PI. Lake Street Capital boosted their price objective on shares of Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Needham & Company LLC boosted their price target on shares of Impinj from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI reiterated an “outperform” rating and set a $270.00 price objective (up from $205.00) on shares of Impinj in a report on Thursday, October 24th. StockNews.com upgraded Impinj from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $235.00 target price (up from $225.00) on shares of Impinj in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.60.
Read Our Latest Analysis on PI
Institutional Trading of Impinj
Several large investors have recently modified their holdings of PI. First Bank & Trust boosted its stake in Impinj by 3.2% during the 3rd quarter. First Bank & Trust now owns 1,768 shares of the company’s stock valued at $383,000 after purchasing an additional 55 shares during the period. National Bank of Canada FI acquired a new position in shares of Impinj during the third quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its position in shares of Impinj by 1,084.6% in the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after acquiring an additional 141 shares during the period. KBC Group NV grew its stake in shares of Impinj by 29.7% in the third quarter. KBC Group NV now owns 681 shares of the company’s stock worth $147,000 after acquiring an additional 156 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Impinj by 7.3% during the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock worth $432,000 after acquiring an additional 190 shares during the period.
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.
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