Impinj, Inc. (NASDAQ:PI) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC decreased its position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 56.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,180 shares of the company's stock after selling 19,325 shares during the quarter. Lisanti Capital Growth LLC owned approximately 0.05% of Impinj worth $2,205,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its holdings in Impinj by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the company's stock valued at $1,612,000 after buying an additional 100 shares during the period. National Bank of Canada FI purchased a new position in shares of Impinj in the 3rd quarter valued at $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 valued at $33,000 after acquiring an additional 141 shares during the period. KBC Group NV raised its position 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 acquiring an additional 156 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Impinj by 2.4% during the 4th quarter. Arizona State Retirement System now owns 6,945 shares of the company's stock worth $1,009,000 after purchasing an additional 160 shares during the last quarter.

Impinj Stock Down 6.1 %

Shares of NASDAQ:PI traded down $6.11 during trading on Tuesday, hitting $94.60. The stock had a trading volume of 620,706 shares, compared to its average volume of 524,717. Impinj, Inc. has a 12-month low of $84.17 and a 12-month high of $239.88. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 69.56 and a beta of 1.98. The stock has a 50-day simple moving average of $120.53 and a two-hundred day simple moving average of $164.17.

Remove Ads

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (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%. As a group, sell-side analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Impinj

In other news, CEO Chris Ph.D. Diorio sold 8,334 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $98.78, for a total value of $823,232.52. Following the completion of the sale, the chief executive officer now directly owns 354,076 shares in the company, valued at $34,975,627.28. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cathal G. Phelan sold 210 shares of the stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total transaction of $30,672.60. Following the completion of the sale, the insider now owns 6,979 shares of the company's stock, valued at approximately $1,019,352.74. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,323 shares of company stock worth $2,454,588. Insiders own 51.00% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on PI. Cantor Fitzgerald upgraded Impinj to a "strong-buy" rating in a research note on Thursday, February 27th. Needham & Company LLC cut 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 lowered shares of Impinj from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. The Goldman Sachs Group lowered their target price on shares of Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Finally, Piper Sandler reduced their price target on Impinj from $235.00 to $140.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $180.10.

Impinj Company 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.