Emerald Advisers LLC Sells 56,074 Shares of Impinj, Inc. (NASDAQ:PI)

Emerald Advisers LLC cut its stake in Impinj, Inc. (NASDAQ:PI - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,407 shares of the company's stock after selling 56,074 shares during the period. Emerald Advisers LLC owned about 0.45% of Impinj worth $18,362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PI. National Bank of Canada FI acquired a new position in Impinj in the third quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Impinj in the 4th quarter worth approximately $33,000. Jones Financial Companies Lllp grew its position in Impinj by 205.9% during the 4th quarter. Jones Financial Companies Lllp now owns 260 shares of the company's stock worth $38,000 after acquiring an additional 175 shares during the last quarter. IFP Advisors Inc grew its position in Impinj by 116.5% during the 4th quarter. IFP Advisors Inc now owns 368 shares of the company's stock worth $53,000 after acquiring an additional 198 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in Impinj during the 4th quarter valued at $87,000.

Analyst Ratings Changes

PI has been the topic of several research analyst reports. Susquehanna decreased their target price on Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a report on Wednesday, January 22nd. The Goldman Sachs Group lowered their price objective on shares of Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. StockNews.com lowered 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. Finally, Cantor Fitzgerald raised Impinj to a "strong-buy" rating in a report on Thursday, February 27th. 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.com, Impinj has a consensus rating of "Moderate Buy" and an average target price of $183.44.

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Impinj Stock Performance

PI traded up $0.48 during trading on Tuesday, reaching $91.62. 290,800 shares of the company's stock were exchanged, compared to its average volume of 528,223. The company's fifty day moving average price is $109.21 and its 200-day moving average price is $159.00. The firm has a market capitalization of $2.61 billion, a PE ratio of 67.37 and a beta of 1.98. Impinj, Inc. has a fifty-two week low of $84.17 and a fifty-two week high of $239.88.

Impinj (NASDAQ:PI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%. Research analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Impinj

In related news, CEO Chris Ph.D. Diorio sold 841 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $141.02, for a total transaction of $118,597.82. Following the sale, the chief executive officer now directly owns 333,856 shares in the company, valued at $47,080,373.12. This trade represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Cathal G. Phelan sold 565 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $98.77, for a total transaction 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 approximately $782,752.25. The trade was a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,704 shares of company stock worth $1,925,748. 51.00% of the stock is currently owned by company insiders.

Impinj Company 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.