Impinj, Inc. (NASDAQ:PI) Insider Sells $31,274.24 in Stock

Impinj, Inc. (NASDAQ:PIGet Free Report) insider Cathal G. Phelan sold 212 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $147.52, for a total transaction of $31,274.24. Following the completion of the sale, the insider now directly owns 16,669 shares in the company, valued at approximately $2,459,010.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Impinj Stock Up 0.4 %

Impinj stock opened at $153.40 on Friday. The firm’s 50 day moving average price is $156.12 and its two-hundred day moving average price is $122.49. The firm has a market cap of $4.25 billion, a PE ratio of -438.29 and a beta of 1.80. Impinj, Inc. has a twelve month low of $48.39 and a twelve month 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.

Impinj (NASDAQ:PIGet Free Report) last posted its earnings results on Wednesday, April 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.14. The business had revenue of $76.83 million for the quarter, compared to analyst estimates of $73.57 million. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. On average, research analysts predict that Impinj, Inc. will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Impinj

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in Impinj by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 174,037 shares of the company’s stock worth $9,577,000 after acquiring an additional 8,038 shares during the period. Rhumbline Advisers raised its stake in shares of Impinj by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 32,228 shares of the company’s stock valued at $1,773,000 after buying an additional 989 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Impinj by 41.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,941 shares of the company’s stock worth $217,000 after purchasing an additional 1,149 shares in the last quarter. Algert Global LLC bought a new position in Impinj during the third quarter worth about $711,000. Finally, Westfield Capital Management Co. LP boosted its holdings in Impinj by 40.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,022,359 shares of the company’s stock valued at $56,260,000 after purchasing an additional 292,470 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PI. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a research report on Tuesday, May 21st. Needham & Company LLC restated a “buy” rating and issued a $195.00 target price on shares of Impinj in a research report on Wednesday, June 5th. Susquehanna boosted their price objective on Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group assumed coverage on Impinj in a research note on Monday, May 13th. They set a “buy” rating and a $200.00 target price for the company. Finally, The Goldman Sachs Group downgraded shares of Impinj from a “buy” rating to a “neutral” rating and set a $156.00 price target for the company. in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Impinj currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Get Our Latest Analysis on Impinj

Impinj Company Profile

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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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Insider Buying and Selling by Quarter for Impinj (NASDAQ:PI)

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