Impinj, Inc. (NASDAQ:PI) Shares Purchased by Jump Financial LLC

Jump Financial LLC increased its position in Impinj, Inc. (NASDAQ:PI - Free Report) by 186.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,036 shares of the company's stock after purchasing an additional 24,121 shares during the period. Jump Financial LLC owned approximately 0.13% of Impinj worth $5,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PI. National Bank of Canada FI purchased a new position in shares of Impinj during the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Impinj during the 4th quarter valued at about $33,000. Jones Financial Companies Lllp grew its position in Impinj by 205.9% during the fourth quarter. Jones Financial Companies Lllp now owns 260 shares of the company's stock valued at $38,000 after buying an additional 175 shares during the period. IFP Advisors Inc increased its holdings in Impinj by 116.5% during the fourth quarter. IFP Advisors Inc now owns 368 shares of the company's stock valued at $53,000 after buying an additional 198 shares during the last quarter. Finally, Spire Wealth Management bought a new position in Impinj in the fourth quarter worth approximately $87,000.

Impinj Trading Up 4.5 %

Shares of NASDAQ PI traded up $3.13 during trading hours on Tuesday, reaching $72.80. The stock had a trading volume of 162,324 shares, compared to its average volume of 583,553. The business's fifty day moving average price is $86.89 and its two-hundred day moving average price is $140.44. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 53.29 and a beta of 1.74. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $239.88.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. Equities research analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PI. Susquehanna decreased their target price on Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a report on Wednesday, January 22nd. Cantor Fitzgerald raised Impinj to a "strong-buy" rating in a research note on Thursday, February 27th. Needham & Company LLC dropped their price target on shares of Impinj from $182.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Piper Sandler decreased their price objective on shares of Impinj from $235.00 to $140.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group decreased their price target on Impinj from $200.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $183.44.

Insider Activity at Impinj

In other Impinj news, CEO Chris Ph.D. Diorio sold 8,334 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.78, for a total value of $823,232.52. Following the sale, the chief executive officer now owns 354,076 shares in the company, valued at approximately $34,975,627.28. This represents a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Cathal G. Phelan sold 565 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $98.77, for a total transaction of $55,805.05. Following the sale, the insider now owns 7,925 shares in the company, valued at approximately $782,752.25. This represents a 6.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,857 shares of company stock valued at $1,665,290 in the last three months. 51.00% of the stock is owned by insiders.

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.