Jennison Associates LLC lowered its holdings in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,788 shares of the company's stock after selling 17,352 shares during the quarter. Jennison Associates LLC owned 0.78% of Impinj worth $32,217,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of PI. First Bank & Trust lifted its holdings in shares of Impinj by 3.2% in the 3rd quarter. First Bank & Trust now owns 1,768 shares of the company's stock worth $383,000 after buying an additional 55 shares during the period. National Bank of Canada FI purchased a new stake in shares of Impinj in the 3rd quarter worth $30,000. Farther Finance Advisors LLC lifted 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 buying an additional 141 shares during the period. KBC Group NV lifted its holdings in shares of Impinj by 29.7% in the 3rd quarter. KBC Group NV now owns 681 shares of the company's stock worth $147,000 after buying an additional 156 shares during the period. Finally, Diversified Trust Co lifted its holdings in shares of Impinj by 11.9% in the 4th quarter. Diversified Trust Co now owns 2,251 shares of the company's stock worth $327,000 after buying an additional 240 shares during the period.
Insider Activity at Impinj
In other Impinj news, insider Sylebra Capital Llc sold 2,550 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $195.41, for a total transaction of $498,295.50. Following the completion of the sale, the insider now owns 2,129,260 shares of the company's stock, valued at $416,078,696.60. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Jeffrey Dossett sold 7,500 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.17, for a total value of $1,358,775.00. Following the sale, the executive now directly owns 65,294 shares of the company's stock, valued at approximately $11,829,313.98. This trade represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,132 shares of company stock valued at $18,510,291. 51.00% of the stock is currently owned by insiders.
Impinj Stock Down 2.2 %
Shares of NASDAQ PI traded down $2.38 during midday trading on Friday, hitting $105.38. The stock had a trading volume of 1,326,484 shares, compared to its average volume of 917,382. The company has a market capitalization of $2.98 billion, a PE ratio of 77.49 and a beta of 1.88. The stock has a 50 day simple moving average of $145.29 and a 200-day simple moving average of $172.09. Impinj, Inc. has a 1 year low of $97.77 and a 1 year high of $239.88.
Impinj (NASDAQ:PI - Get Free Report) last released its earnings results 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 7.69%. As a group, analysts expect that Impinj, Inc. will post 1.05 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday. Cantor Fitzgerald decreased their price objective on Impinj from $260.00 to $133.00 and set an "overweight" rating for the company in a research note on Thursday. Susquehanna decreased their price objective on Impinj from $260.00 to $220.00 and set a "positive" rating for the company in a research note on Wednesday, January 22nd. Lake Street Capital upped their price objective on Impinj from $190.00 to $251.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Piper Sandler decreased their price objective on Impinj from $235.00 to $140.00 and set an "overweight" rating for the company in a research note on Thursday. 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $180.10.
Check Out Our Latest Research Report on PI
Impinj Company 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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