Insider Selling: Impinj, Inc. (NASDAQ:PI) CRO Sells $86,186.72 in Stock

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 584 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $147.58, for a total transaction of $86,186.72. Following the sale, the executive now directly owns 62,867 shares of the company’s stock, valued at $9,277,911.86. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jeffrey Dossett also recently made the following trade(s):

• On Monday, June 17th, Jeffrey Dossett sold 739 shares of Impinj stock. The shares were sold at an average price of $149.88, for a total transaction of $110,761.32.
• On Friday, April 26th, Jeffrey Dossett sold 8,000 shares of Impinj stock. The stock was sold at an average price of $145.77, for a total value of $1,166,160.00.
• On Monday, April 15th, Jeffrey Dossett sold 498 shares of Impinj stock. The shares were sold at an average price of $118.70, for a total value of $59,112.60.

Impinj Stock Up 0.4 %

NASDAQ PI opened at $153.40 on Friday. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $175.41. The company’s 50-day moving average price is $156.12 and its 200-day moving average price is $122.49. The company has a debt-to-equity ratio of 3.29, a quick ratio of 6.87 and a current ratio of 9.42.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, April 24th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.14. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. The firm had revenue of $76.83 million during the quarter, compared to the consensus estimate of $73.57 million. As a group, sell-side analysts expect that Impinj, Inc. will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On Impinj

Several hedge funds have recently made changes to their positions in PI. Future Financial Wealth Managment LLC bought a new position in Impinj during the 1st quarter worth about $32,000. GAMMA Investing LLC purchased a new stake in shares of Impinj in the 4th quarter worth approximately $40,000. Headlands Technologies LLC bought a new position in shares of Impinj during the fourth quarter valued at approximately $58,000. Whittier Trust Co. purchased a new position in shares of Impinj in the 4th quarter valued at $90,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Impinj by 117.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock worth $124,000 after purchasing an additional 521 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on PI. The Goldman Sachs Group lowered shares of Impinj from a “buy” rating to a “neutral” rating and set a $156.00 price objective for the company. in a research report on Monday, May 20th. Roth Mkm raised their price objective on Impinj from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Evercore ISI initiated coverage on Impinj in a research report on Tuesday, April 16th. They set an “outperform” rating and a $160.00 target price on the stock. Canaccord Genuity Group raised their price target on Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Susquehanna lifted their price target on shares of Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

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.