Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio Sells 1,219 Shares

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 1,219 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $237.82, for a total value of $289,902.58. Following the completion of the transaction, the chief executive officer now owns 294,438 shares in the company, valued at approximately $70,023,245.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, September 24th, Chris Ph.D. Diorio sold 1,498 shares of Impinj stock. The stock was sold at an average price of $209.12, for a total value of $313,261.76.

Impinj Stock Performance

Shares of NASDAQ:PI traded down $5.33 during mid-day trading on Tuesday, hitting $233.25. 533,793 shares of the company traded hands, compared to its average volume of 455,579. The firm has a market cap of $6.46 billion, a P/E ratio of -674.89 and a beta of 1.80. Impinj, Inc. has a 52-week low of $48.39 and a 52-week high of $239.88. The firm’s 50 day simple moving average is $184.02 and its 200 day simple moving average is $163.49.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. Impinj had a negative return on equity of 21.12% and a net margin of 3.93%. The company had revenue of $102.50 million for the quarter, compared to the consensus estimate of $97.47 million. During the same period in the previous year, the business earned ($0.14) EPS. Impinj’s revenue for the quarter was up 19.2% compared to the same quarter last year. Equities research analysts expect that Impinj, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Impinj

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Impinj in the 1st quarter worth approximately $513,000. TimesSquare Capital Management LLC acquired a new position in Impinj during the 1st quarter valued at approximately $19,195,000. Harbor Capital Advisors Inc. boosted its position in Impinj by 112.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,533 shares of the company’s stock valued at $2,122,000 after purchasing an additional 7,151 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Impinj by 13.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,111 shares of the company’s stock valued at $7,990,000 after purchasing an additional 7,247 shares during the period. Finally, Vanguard Group Inc. boosted its position in Impinj by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,510,583 shares of the company’s stock valued at $322,384,000 after purchasing an additional 35,893 shares during the period.

Wall Street Analyst Weigh In

PI has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and issued a $225.00 price objective (up from $180.00) on shares of Impinj in a report on Friday, September 27th. Needham & Company LLC restated a “buy” rating and issued a $195.00 price objective on shares of Impinj in a report on Thursday, July 25th. Roth Mkm raised their price objective on Impinj from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $205.00 price objective on shares of Impinj in a report on Thursday, July 25th. Finally, StockNews.com upgraded Impinj from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Impinj currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.60.

About Impinj

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.