Chevy Chase Trust Holdings LLC decreased its holdings in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 814,543 shares of the company's stock after selling 43,800 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 2.88% of Impinj worth $118,321,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of PI. National Bank of Canada FI purchased a new position in shares of Impinj in the 3rd quarter valued at about $30,000. Farther Finance Advisors LLC increased its holdings in Impinj by 1,084.6% in the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company's stock valued at $33,000 after buying an additional 141 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Impinj during the 4th quarter valued at approximately $87,000. KBC Group NV lifted its position in shares of Impinj by 33.5% during the 4th quarter. KBC Group NV now owns 909 shares of the company's stock valued at $132,000 after acquiring an additional 228 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Impinj during the 3rd quarter worth approximately $138,000.
Impinj Stock Up 1.7 %
Shares of NASDAQ:PI traded up $1.76 during trading on Tuesday, reaching $105.58. The stock had a trading volume of 480,215 shares, compared to its average volume of 806,197. Impinj, Inc. has a fifty-two week low of $97.77 and a fifty-two week high of $239.88. The business has a fifty day moving average price of $136.51 and a 200-day moving average price of $170.08. The stock has a market cap of $2.99 billion, a P/E ratio of 77.63 and a beta of 1.88.
Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.49). Impinj had a return on equity of 7.69% and a net margin of 11.15%. As a group, equities analysts forecast that Impinj, Inc. will post 1.05 EPS for the current year.
Insiders Place Their Bets
In related news, CFO Cary Baker sold 499 shares of Impinj stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total value of $72,883.94. Following the transaction, the chief financial officer now owns 71,107 shares in the company, valued at approximately $10,385,888.42. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Hussein Mecklai sold 338 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $141.02, for a total value of $47,664.76. Following the sale, the chief operating officer now owns 61,586 shares of the company's stock, valued at $8,684,857.72. This represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,466 shares of company stock valued at $789,298. Insiders own 51.00% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PI. Susquehanna reduced their price objective on Impinj from $260.00 to $220.00 and set a "positive" rating for the company in a report on Wednesday, January 22nd. Lake Street Capital lifted their price target on Impinj from $190.00 to $251.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Needham & Company LLC decreased their price objective on shares of Impinj from $182.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. StockNews.com downgraded shares of Impinj from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Finally, Piper Sandler reduced their price target on shares of Impinj from $235.00 to $140.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $180.10.
Check Out Our Latest Stock Report on PI
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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