Chris Ph.D. Diorio Sells 5,000 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $154.03, for a total value of $770,150.00. Following the completion of the sale, the chief executive officer now owns 289,474 shares in the company, valued at $44,587,680.22. The sale 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 Monday, June 24th, Chris Ph.D. Diorio sold 6,519 shares of Impinj stock. The stock was sold at an average price of $148.01, for a total value of $964,877.19.
• On Tuesday, June 18th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The stock was sold at an average price of $150.92, for a total value of $754,600.00.
• On Tuesday, June 11th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The stock was sold at an average price of $146.49, for a total value of $732,450.00.
• On Friday, April 26th, Chris Ph.D. Diorio sold 26,661 shares of Impinj stock. The stock was sold at an average price of $147.02, for a total value of $3,919,700.22.
• On Monday, April 15th, Chris Ph.D. Diorio sold 1,244 shares of Impinj stock. The stock was sold at an average price of $118.67, for a total value of $147,625.48.

Impinj Trading Up 0.7 %

Shares of PI opened at $159.87 on Friday. The company has a market capitalization of $4.43 billion, a P/E ratio of -456.77 and a beta of 1.78. Impinj, Inc. has a one year low of $48.39 and a one year high of $175.41. The company has a debt-to-equity ratio of 3.29, a quick ratio of 6.87 and a current ratio of 9.42. The stock has a 50-day moving average price of $159.19 and a 200 day moving average price of $125.01.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, April 24th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $73.57 million. Sell-side analysts forecast that Impinj, Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

PI has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $195.00 price target on shares of Impinj in a research note on Wednesday, June 5th. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. Roth Mkm increased their target price on Impinj from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lowered Impinj from a “buy” rating to a “neutral” rating and set a $156.00 target price for the company. in a research note on Monday, May 20th. Finally, Evercore ISI started coverage on Impinj in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $160.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of Impinj in the 1st quarter worth approximately $32,000. GAMMA Investing LLC bought a new stake in shares of Impinj in the 4th quarter worth approximately $40,000. Headlands Technologies LLC bought a new stake in shares of Impinj in the 4th quarter worth approximately $58,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Impinj by 117.9% in 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. Finally, Whittier Trust Co. bought a new stake in shares of Impinj in the 4th quarter worth approximately $90,000.

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.