Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 378 Shares

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 378 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $141.05, for a total value of $53,316.90. Following the completion of the transaction, the executive now directly owns 67,052 shares of the company’s stock, valued at approximately $9,457,684.60. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeffrey Dossett also recently made the following trade(s):

• On Tuesday, December 24th, Jeffrey Dossett sold 580 shares of Impinj stock. The stock was sold at an average price of $146.06, for a total value of $84,714.80.
• On Thursday, November 14th, Jeffrey Dossett sold 7,500 shares of Impinj stock. The shares were sold at an average price of $181.17, for a total value of $1,358,775.00.

Impinj Stock Performance

Shares of NASDAQ:PI opened at $132.51 on Friday. The business has a fifty day moving average of $164.71 and a 200-day moving average of $176.40. Impinj, Inc. has a twelve month low of $87.15 and a twelve month high of $239.88. The firm has a market cap of $3.75 billion, a PE ratio of 148.89 and a beta of 1.88.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The firm had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $92.86 million. During the same quarter last year, the company posted ($0.36) EPS. The company’s quarterly revenue was up 46.5% compared to the same quarter last year. On average, analysts anticipate that Impinj, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $235.00 price objective (up previously from $225.00) on shares of Impinj in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their price target on Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Susquehanna increased their price objective on Impinj from $215.00 to $260.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Needham & Company LLC boosted their target price on shares of Impinj from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Lake Street Capital upped their target price on shares of Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $224.60.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PI. First Bank & Trust increased its stake in shares of Impinj by 3.2% in the 3rd quarter. First Bank & Trust now owns 1,768 shares of the company’s stock valued at $383,000 after buying an additional 55 shares during the period. National Bank of Canada FI acquired a new stake in Impinj in the third quarter worth about $30,000. Farther Finance Advisors LLC raised its holdings in Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after purchasing an additional 141 shares during the last quarter. KBC Group NV raised its holdings in Impinj by 29.7% during the 3rd quarter. KBC Group NV now owns 681 shares of the company’s stock worth $147,000 after purchasing an additional 156 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Impinj by 7.3% during the 2nd quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock valued at $432,000 after purchasing an additional 190 shares during the period.

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.