Corient Private Wealth LLC lowered its stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 56.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,652 shares of the company's stock after selling 3,434 shares during the quarter. Corient Private Wealth LLC's holdings in Impinj were worth $385,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in shares of Impinj in the 3rd quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in Impinj in the fourth quarter valued at approximately $33,000. Jones Financial Companies Lllp raised its position in Impinj by 205.9% during the fourth 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 lifted its stake in Impinj by 116.5% during the fourth quarter. IFP Advisors Inc now owns 368 shares of the company's stock worth $53,000 after purchasing an additional 198 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Impinj in the 4th quarter valued at $87,000.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on PI shares. Piper Sandler lowered their price target on Impinj from $235.00 to $140.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Susquehanna lowered their target price on Impinj from $260.00 to $220.00 and set a "positive" rating for the company in a research note on Wednesday, January 22nd. Cantor Fitzgerald raised shares of Impinj to a "strong-buy" rating in a report on Thursday, February 27th. The Goldman Sachs Group decreased their price target on shares of Impinj from $200.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Impinj from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $183.44.
Get Our Latest Analysis on Impinj
Insider Activity
In related news, CEO Chris Ph.D. Diorio sold 8,334 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.78, for a total transaction of $823,232.52. Following the completion of the sale, the chief executive officer now owns 354,076 shares of the company's stock, valued at $34,975,627.28. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Jeffrey Dossett sold 2,666 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $98.81, for a total value of $263,427.46. Following the completion of the transaction, the executive now directly owns 71,886 shares in the company, valued at approximately $7,103,055.66. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,704 shares of company stock valued at $1,925,748. 51.00% of the stock is currently owned by insiders.
Impinj Trading Up 0.1 %
NASDAQ:PI traded up $0.06 during trading hours on Wednesday, hitting $88.46. 304,851 shares of the company were exchanged, compared to its average volume of 543,528. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 65.04 and a beta of 1.98. Impinj, Inc. has a one year low of $83.53 and a one year high of $239.88. The company has a fifty day simple moving average of $103.71 and a 200 day simple moving average of $155.39.
Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) 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%. Equities research analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.
Impinj Profile
(
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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