Impinj, Inc. (NASDAQ:PI) Shares Acquired by ARK & TLK Investments LLC

ARK & TLK Investments LLC increased its stake in Impinj, Inc. (NASDAQ:PI) by 30.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,150 shares of the company’s stock after acquiring an additional 500 shares during the quarter. ARK & TLK Investments LLC’s holdings in Impinj were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PI. Vanguard Group Inc. increased its holdings in Impinj by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,442,164 shares of the company’s stock valued at $500,009,000 after buying an additional 104,861 shares in the last quarter. State Street Corp boosted its stake in shares of Impinj by 25.7% during the 3rd quarter. State Street Corp now owns 1,078,676 shares of the company’s stock worth $233,555,000 after acquiring an additional 220,776 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Impinj by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 542,924 shares of the company’s stock worth $117,576,000 after acquiring an additional 7,676 shares during the period. Norges Bank purchased a new position in Impinj in the 4th quarter valued at approximately $40,100,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Impinj by 10.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 213,398 shares of the company’s stock worth $30,998,000 after purchasing an additional 20,158 shares during the last quarter.

Insider Activity at Impinj

In other news, CFO Cary Baker sold 1,553 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $98.76, for a total transaction of $153,374.28. Following the completion of the sale, the chief financial officer now directly owns 76,451 shares of the company’s stock, valued at $7,550,300.76. The trade was a 1.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Jeffrey Dossett sold 378 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $141.05, for a total value of $53,316.90. Following the sale, the executive now owns 67,052 shares of the company’s stock, valued at approximately $9,457,684.60. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,704 shares of company stock worth $1,925,748. 51.00% of the stock is currently owned by insiders.

Impinj Price Performance

Shares of NASDAQ PI opened at $91.80 on Friday. The company has a 50-day simple moving average of $105.55 and a 200-day simple moving average of $156.90. The company has a market cap of $2.62 billion, a PE ratio of 67.50 and a beta of 1.98. Impinj, Inc. has a 12 month low of $84.17 and a 12 month high of $239.88.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. On average, analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

PI has been the topic of several research reports. Needham & Company LLC lowered their target price on Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. StockNews.com cut shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Susquehanna dropped their target price on shares of Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a report on Wednesday, January 22nd. Piper Sandler reduced their price target on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Impinj to a “strong-buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Impinj currently has an average rating of “Moderate Buy” and a consensus price target of $183.44.

Impinj 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.