Impinj, Inc. (NASDAQ:PI) Shares Acquired by Pachira Investments Inc.

Pachira Investments Inc. boosted its holdings in Impinj, Inc. (NASDAQ:PI) by 567.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,504 shares of the company’s stock after buying an additional 17,433 shares during the quarter. Impinj accounts for about 1.8% of Pachira Investments Inc.’s investment portfolio, making the stock its 16th largest position. Pachira Investments Inc.’s holdings in Impinj were worth $3,006,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in shares of Impinj in the 3rd quarter valued at approximately $30,000. Farther Finance Advisors LLC raised its stake in Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after purchasing an additional 141 shares during the period. Spire Wealth Management purchased a new stake in shares of Impinj in the fourth quarter valued at $87,000. KBC Group NV boosted its position in shares of Impinj by 33.5% in the fourth quarter. KBC Group NV now owns 909 shares of the company’s stock worth $132,000 after buying an additional 228 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Impinj during the third quarter valued at $138,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald cut their price objective on Impinj from $260.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Lake Street Capital boosted their target price on Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Susquehanna cut their price target on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. Finally, Evercore ISI reissued an “outperform” rating and issued a $270.00 price target (up previously from $205.00) on shares of Impinj in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Impinj currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.10.

Impinj Trading Down 0.5 %

NASDAQ:PI opened at $104.84 on Tuesday. The firm has a market capitalization of $2.97 billion, a PE ratio of 77.09 and a beta of 1.88. Impinj, Inc. has a 1 year low of $97.77 and a 1 year high of $239.88. The firm’s fifty day simple moving average is $145.29 and its 200 day simple moving average is $172.30.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.69%. As a group, analysts anticipate that Impinj, Inc. will post 1.05 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Sylebra Capital Llc sold 2,550 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $195.41, for a total value of $498,295.50. Following the completion of the sale, the insider now owns 2,129,260 shares in the company, valued at approximately $416,078,696.60. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cary Baker sold 290 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $140.96, for a total value of $40,878.40. Following the transaction, the chief financial officer now owns 71,754 shares in the company, valued at $10,114,443.84. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,516 shares of company stock valued at $2,646,368 in the last three months. Company insiders own 51.00% of the company’s stock.

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.