6,340 Shares in Impinj, Inc. (NASDAQ:PI) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,340 shares of the company's stock, valued at approximately $921,000.

Several other large investors have also bought and sold shares of PI. State Street Corp boosted its position in Impinj by 25.7% in the third quarter. State Street Corp now owns 1,078,676 shares of the company's stock worth $233,555,000 after purchasing an additional 220,776 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Impinj in the 4th quarter worth about $27,699,000. Principal Financial Group Inc. grew its position in Impinj by 4,013.7% during the third quarter. Principal Financial Group Inc. now owns 125,633 shares of the company's stock valued at $27,202,000 after buying an additional 122,579 shares during the period. Wellington Management Group LLP purchased a new stake in Impinj during the third quarter worth about $24,771,000. Finally, Thrivent Financial for Lutherans raised its position in Impinj by 464.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 100,991 shares of the company's stock worth $14,670,000 after acquiring an additional 83,107 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Needham & Company LLC lowered their price objective on Impinj from $182.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Susquehanna lowered their price target on shares of Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of Impinj from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Cantor Fitzgerald raised shares of Impinj to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Piper Sandler cut 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. One equities research analyst has rated the stock with a sell rating, one has given 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.44.

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Impinj Trading Up 1.9 %

Shares of NASDAQ PI traded up $1.71 during midday trading on Thursday, hitting $92.86. 457,078 shares of the company's stock were exchanged, compared to its average volume of 529,109. The business's fifty day moving average price is $107.15 and its two-hundred day moving average price is $158.07. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 68.28 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%. Equities analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Impinj news, CFO Cary Baker sold 290 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $140.96, for a total transaction of $40,878.40. Following the transaction, the chief financial officer now directly owns 71,754 shares of the company's stock, valued at approximately $10,114,443.84. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Jeffrey Dossett sold 378 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $141.05, for a total transaction of $53,316.90. Following the completion of the sale, the executive now directly owns 67,052 shares of the company's stock, valued at approximately $9,457,684.60. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock valued at $1,925,748 in the last ninety days. Company insiders own 51.00% of the company's stock.

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.