2,500 Shares in Impinj, Inc. (NASDAQ:PI) Purchased by Stordahl Capital Management Inc.

Stordahl Capital Management Inc. purchased a new stake in Impinj, Inc. (NASDAQ:PI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,500 shares of the company's stock, valued at approximately $363,000.

A number of other institutional investors have also recently made changes to their positions in the business. KBC Group NV lifted its holdings in shares of Impinj by 33.5% in the 4th quarter. KBC Group NV now owns 909 shares of the company's stock valued at $132,000 after acquiring an additional 228 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its holdings in shares of Impinj by 91.9% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,638 shares of the company's stock valued at $383,000 after acquiring an additional 1,263 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Impinj by 45.0% in the 4th quarter. Inspire Investing LLC now owns 2,752 shares of the company's stock valued at $400,000 after acquiring an additional 854 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in Impinj by 14.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 3,445 shares of the company's stock worth $521,000 after purchasing an additional 425 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in Impinj by 11.9% in the fourth quarter. Diversified Trust Co now owns 2,251 shares of the company's stock worth $327,000 after purchasing an additional 240 shares during the last quarter.

Insiders Place Their Bets

In other Impinj news, CRO Jeffrey Dossett sold 378 shares of Impinj stock in a transaction on Monday, January 13th. The shares were sold at an average price of $141.05, for a total value of $53,316.90. Following the transaction, the executive now directly owns 67,052 shares of the company's stock, valued at approximately $9,457,684.60. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sylebra Capital Llc sold 89,809 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $201.78, for a total transaction of $18,121,660.02. Following the sale, the insider now directly owns 2,607,543 shares in the company, valued at $526,150,026.54. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 445,490 shares of company stock valued at $89,701,106. 51.00% of the stock is currently owned by insiders.

Impinj Stock Down 3.5 %

PI stock traded down $4.48 during trading on Monday, hitting $122.41. 797,788 shares of the company's stock traded hands, compared to its average volume of 646,119. The firm has a market capitalization of $3.46 billion, a P/E ratio of 137.54 and a beta of 1.88. The business has a fifty day simple moving average of $152.70 and a two-hundred day simple moving average of $174.08. Impinj, Inc. has a 1 year low of $97.77 and a 1 year high of $239.88.

Wall Street Analyst Weigh In

Several analysts have issued reports on PI shares. Piper Sandler reissued an "overweight" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Impinj in a research note on Thursday, October 24th. Evercore ISI reissued an "outperform" rating and issued a $270.00 price objective (up previously from $205.00) on shares of Impinj in a research note on Thursday, October 24th. Susquehanna decreased their price objective on shares of Impinj from $260.00 to $220.00 and set a "positive" rating for the company in a research note on Wednesday, January 22nd. Needham & Company LLC decreased their price objective on shares of Impinj from $245.00 to $182.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Finally, The Goldman Sachs Group raised their target price on shares of Impinj from $165.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $214.30.

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.