5,200 Shares in Impinj, Inc. (NASDAQ:PI) Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System bought a new position in Impinj, Inc. (NASDAQ:PI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,200 shares of the company's stock, valued at approximately $1,126,000.

A number of other institutional investors have also modified their holdings of the business. SG Americas Securities LLC bought a new position in Impinj in the 1st quarter worth about $513,000. Harbor Capital Advisors Inc. lifted its position in Impinj by 112.0% in the second quarter. Harbor Capital Advisors Inc. now owns 13,533 shares of the company's stock worth $2,122,000 after purchasing an additional 7,151 shares during the period. Raymond James & Associates boosted its stake in Impinj by 21.7% during the 3rd quarter. Raymond James & Associates now owns 22,951 shares of the company's stock valued at $4,969,000 after purchasing an additional 4,090 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 35,893 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of Impinj in the 2nd quarter worth $372,000.

Insiders Place Their Bets

In other Impinj news, insider Cathal G. Phelan sold 11,549 shares of Impinj stock in a transaction on Friday, November 8th. The shares were sold at an average price of $200.81, for a total value of $2,319,154.69. Following the sale, the insider now directly owns 6,098 shares in the company, valued at approximately $1,224,539.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Cathal G. Phelan sold 11,549 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $200.81, for a total value of $2,319,154.69. Following the completion of the transaction, the insider now directly owns 6,098 shares of the company's stock, valued at approximately $1,224,539.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sylebra Capital Llc purchased 4,264,393 shares of the business's stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $4.69 per share, with a total value of $20,000,003.17. Following the purchase, the insider now owns 33,050,456 shares of the company's stock, valued at approximately $155,006,638.64. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 317,685 shares of company stock valued at $63,262,298 in the last quarter. 51.00% of the stock is currently owned by insiders.

Impinj Stock Up 0.3 %

NASDAQ PI traded up $0.57 on Friday, reaching $203.56. The company had a trading volume of 733,793 shares, compared to its average volume of 635,160. Impinj, Inc. has a 52 week low of $67.63 and a 52 week high of $239.88. The stock's 50 day moving average is $203.31 and its 200-day moving average is $174.63. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 228.72 and a beta of 1.81.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The company had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.86 million. During the same period in the prior year, the company earned ($0.36) earnings per share. The company's revenue for the quarter was up 46.5% compared to the same quarter last year. As a group, analysts forecast that Impinj, Inc. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

PI has been the subject of several research analyst reports. Susquehanna upped their price target on shares of Impinj from $215.00 to $260.00 and gave the company a "positive" rating in a research report on Monday, October 21st. Evercore ISI reissued an "outperform" rating and set a $270.00 price objective (up previously from $205.00) on shares of Impinj in a research report on Thursday, October 24th. 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 boosted their price target on Impinj from $190.00 to $251.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Cantor Fitzgerald boosted their price objective on Impinj from $205.00 to $260.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $224.60.

About Impinj

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.