Moloney Securities Asset Management LLC Buys Shares of 5,440 Impinj, Inc. (NASDAQ:PI)

Moloney Securities Asset Management LLC acquired a new stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,440 shares of the company's stock, valued at approximately $1,178,000.

A number of other hedge funds also recently added to or reduced their stakes in PI. Vanguard Group Inc. grew its holdings in Impinj by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,510,583 shares of the company's stock valued at $322,384,000 after buying an additional 35,893 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Impinj in the 2nd quarter worth approximately $103,252,000. Janus Henderson Group PLC boosted its holdings in shares of Impinj by 0.6% in the 1st quarter. Janus Henderson Group PLC now owns 439,562 shares of the company's stock valued at $56,376,000 after buying an additional 2,681 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Impinj during the 2nd quarter worth $30,116,000. Finally, Emerald Advisers LLC raised its stake in Impinj by 8.2% in the third quarter. Emerald Advisers LLC now owns 182,481 shares of the company's stock valued at $39,511,000 after buying an additional 13,884 shares during the last quarter.

Insider Activity at Impinj

In other news, major shareholder Sylebra Capital Llc sold 95,670 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $195.21, for a total transaction of $18,675,740.70. Following the completion of the transaction, the insider now directly owns 2,903,505 shares in the company, valued at approximately $566,793,211.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Sylebra Capital Llc sold 95,670 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $195.21, for a total transaction of $18,675,740.70. Following the completion of the transaction, the insider now directly owns 2,903,505 shares in the company, valued at $566,793,211.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cathal G. Phelan sold 677 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $162.46, for a total transaction of $109,985.42. Following the transaction, the insider now directly owns 17,367 shares of the company's stock, valued at approximately $2,821,442.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,327 shares of company stock worth $42,821,483. Company insiders own 51.00% of the company's stock.

Impinj Stock Down 0.1 %

PI stock traded down $0.20 on Wednesday, reaching $198.03. 685,591 shares of the company's stock were exchanged, compared to its average volume of 471,713. Impinj, Inc. has a twelve month low of $66.54 and a twelve month high of $239.88. The firm has a market cap of $5.60 billion, a PE ratio of 227.01 and a beta of 1.81. The stock has a fifty day moving average of $201.17 and a 200-day moving average of $173.32.

Impinj (NASDAQ:PI - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The firm had revenue of $95.20 million for the quarter, compared to analyst estimates of $92.86 million. During the same quarter in the prior year, the company earned ($0.36) EPS. Impinj's revenue was up 46.5% on a year-over-year basis. On average, equities research analysts predict that Impinj, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on PI shares. StockNews.com downgraded Impinj from a "hold" rating to a "sell" rating in a research note on Friday, October 25th. Roth Mkm upped their price target on Impinj from $145.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Lake Street Capital raised their price objective on Impinj from $190.00 to $251.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Cantor Fitzgerald boosted their target price on shares of Impinj from $205.00 to $260.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Finally, Piper Sandler reiterated an "overweight" rating and set a $235.00 price target (up from $225.00) on shares of Impinj in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $224.60.

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.