Impinj, Inc. (NASDAQ:PI - Get Free Report) CEO Chris Ph.D. Diorio sold 1,504 shares of the business's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.22, for a total value of $219,914.88. Following the completion of the transaction, the chief executive officer now owns 331,572 shares of the company's stock, valued at $48,482,457.84. This represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Chris Ph.D. Diorio also recently made the following trade(s):
- On Tuesday, October 29th, Chris Ph.D. Diorio sold 34,474 shares of Impinj stock. The shares were sold at an average price of $201.51, for a total transaction of $6,946,855.74.
- On Monday, October 14th, Chris Ph.D. Diorio sold 1,219 shares of Impinj stock. The shares were sold at an average price of $237.82, for a total transaction of $289,902.58.
Impinj Stock Performance
Shares of NASDAQ PI traded down $0.98 during midday trading on Thursday, reaching $147.78. The stock had a trading volume of 309,536 shares, compared to its average volume of 482,156. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 166.04 and a beta of 1.80. Impinj, Inc. has a 12-month low of $78.17 and a 12-month high of $239.88. The stock has a 50-day moving average of $183.64 and a 200-day moving average of $177.04.
Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The business had revenue of $95.20 million during the quarter, compared to analyst estimates of $92.86 million. During the same quarter in the prior year, the business posted ($0.36) EPS. Impinj's revenue for the quarter was up 46.5% compared to the same quarter last year. As a group, analysts forecast that Impinj, Inc. will post 0.4 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Raymond James & Associates increased its holdings in Impinj by 30.2% in the 2nd quarter. Raymond James & Associates now owns 18,861 shares of the company's stock valued at $2,957,000 after acquiring an additional 4,373 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Impinj by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 121,159 shares of the company's stock worth $18,994,000 after buying an additional 7,496 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Impinj by 79.1% in the second quarter. Panagora Asset Management Inc. now owns 66,361 shares of the company's stock worth $10,403,000 after buying an additional 29,299 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new position in Impinj during the second quarter valued at approximately $275,000. Finally, nVerses Capital LLC grew its holdings in Impinj by 75.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the company's stock valued at $110,000 after buying an additional 300 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Piper Sandler reiterated an "overweight" rating and set a $235.00 target price (up from $225.00) on shares of Impinj in a research note on Thursday, October 24th. StockNews.com downgraded Impinj from a "hold" rating to a "sell" rating in a report on Friday, October 25th. Evercore ISI restated an "outperform" rating and set a $270.00 price target (up from $205.00) on shares of Impinj in a research note on Thursday, October 24th. Susquehanna increased their price objective on shares of Impinj from $215.00 to $260.00 and gave the stock a "positive" rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group boosted their target price on shares of Impinj from $165.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Impinj currently has a consensus rating of "Moderate Buy" and an average target price of $224.60.
Check Out Our Latest Stock Analysis on PI
Impinj Company Profile
(
Get 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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