Amundi trimmed its position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,630 shares of the company's stock after selling 9,212 shares during the period. Amundi's holdings in Impinj were worth $1,598,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. National Bank of Canada FI acquired a new stake in shares of Impinj in the third quarter worth $30,000. SBI Securities Co. Ltd. purchased a new stake in Impinj during the 4th quarter worth $33,000. Jones Financial Companies Lllp increased its holdings in Impinj by 205.9% in the 4th quarter. Jones Financial Companies Lllp now owns 260 shares of the company's stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. IFP Advisors Inc raised its position in Impinj by 116.5% in the fourth quarter. IFP Advisors Inc now owns 368 shares of the company's stock valued at $53,000 after purchasing an additional 198 shares during the period. Finally, Spire Wealth Management acquired a new position in shares of Impinj during the fourth quarter worth about $87,000.
Insiders Place Their Bets
In related news, insider Cathal G. Phelan sold 565 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.77, for a total value of $55,805.05. Following the completion of the transaction, the insider now directly owns 7,925 shares of the company's stock, valued at $782,752.25. This represents a 6.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Cary Baker sold 1,553 shares of Impinj stock in a transaction on Friday, February 21st. The shares were sold at an average price of $98.76, for a total value of $153,374.28. Following the sale, the chief financial officer now directly owns 76,451 shares in the company, valued at $7,550,300.76. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,323 shares of company stock valued at $2,454,588 over the last quarter. Insiders own 51.00% of the company's stock.
Impinj Stock Performance
Shares of NASDAQ PI traded up $0.20 during trading on Friday, reaching $90.25. The stock had a trading volume of 584,533 shares, compared to its average volume of 526,347. The firm's 50 day moving average price is $111.38 and its two-hundred day moving average price is $160.12. Impinj, Inc. has a one year low of $84.17 and a one year high of $239.88. The stock has a market cap of $2.58 billion, a PE ratio of 66.36 and a beta of 1.98.
Impinj (NASDAQ:PI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. On average, research analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Piper Sandler dropped their target price on Impinj from $235.00 to $140.00 and set an "overweight" 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 report on Friday, January 24th. Needham & Company LLC lowered their price target on shares of Impinj from $182.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Susquehanna dropped their price target on shares of Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group lowered their target price on Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $183.44.
View Our Latest Stock Report on PI
About Impinj
(
Free Report)
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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