Impinj, Inc. (NASDAQ:PI - Get Free Report) insider Cathal G. Phelan sold 210 shares of the firm's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total value of $30,672.60. Following the completion of the sale, the insider now directly owns 6,979 shares in the company, valued at $1,019,352.74. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Impinj Stock Performance
Shares of PI traded down $0.98 during mid-day trading on Thursday, reaching $147.78. The company had a trading volume of 309,536 shares, compared to its average volume of 482,156. Impinj, Inc. has a 52 week low of $78.17 and a 52 week high of $239.88. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 166.04 and a beta of 1.80. The firm has a 50-day moving average price of $183.64 and a 200 day moving average price of $177.04.
Impinj (NASDAQ:PI - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.08. The firm had revenue of $95.20 million for the quarter, compared to analysts' expectations of $92.86 million. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The company's quarterly revenue was up 46.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.36) earnings per share. As a group, research analysts forecast that Impinj, Inc. will post 0.4 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently commented on PI. Cantor Fitzgerald raised their price target on Impinj from $205.00 to $260.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. StockNews.com cut shares of Impinj from a "hold" rating to a "sell" rating in a research report on Friday, October 25th. Lake Street Capital lifted their target price on shares of Impinj from $190.00 to $251.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price target on shares of Impinj from $165.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, Needham & Company LLC lifted their price objective on Impinj from $195.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $224.60.
Read Our Latest Stock Analysis on PI
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of PI. First Bank & Trust grew its holdings in shares of Impinj by 3.2% during the third quarter. First Bank & Trust now owns 1,768 shares of the company's stock valued at $383,000 after buying an additional 55 shares during the last quarter. National Bank of Canada FI bought a new position in Impinj in the 3rd quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its holdings in shares of Impinj by 1,084.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company's stock worth $33,000 after purchasing an additional 141 shares in the last quarter. KBC Group NV raised its stake in shares of Impinj by 29.7% in the third quarter. KBC Group NV now owns 681 shares of the company's stock worth $147,000 after purchasing an additional 156 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Impinj by 7.3% in the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company's stock worth $432,000 after purchasing an additional 190 shares during the last quarter.
About Impinj
(
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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