Thrivent Financial for Lutherans Purchases 83,107 Shares of Impinj, Inc. (NASDAQ:PI)

Thrivent Financial for Lutherans boosted its position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 464.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,991 shares of the company's stock after purchasing an additional 83,107 shares during the period. Thrivent Financial for Lutherans owned 0.36% of Impinj worth $14,670,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of Impinj by 25.1% in the 3rd quarter. Victory Capital Management Inc. now owns 19,462 shares of the company's stock valued at $4,214,000 after purchasing an additional 3,900 shares during the period. KBC Group NV increased its stake in Impinj by 29.7% in the 3rd quarter. KBC Group NV now owns 681 shares of the company's stock valued at $147,000 after buying an additional 156 shares during the period. CIBC Asset Management Inc acquired a new position in Impinj in the 3rd quarter valued at approximately $273,000. Mutual of America Capital Management LLC purchased a new stake in Impinj in the 3rd quarter worth approximately $742,000. Finally, Quest Partners LLC boosted its stake in shares of Impinj by 8,454.5% during the 3rd quarter. Quest Partners LLC now owns 941 shares of the company's stock valued at $204,000 after buying an additional 930 shares during the period.

Insider Buying and Selling at Impinj

In other Impinj news, insider Cathal G. Phelan sold 565 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $98.77, for a total value of $55,805.05. Following the completion of the sale, the insider now directly owns 7,925 shares of the company's stock, valued at $782,752.25. This represents a 6.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Jeffrey Dossett sold 378 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $141.05, for a total transaction of $53,316.90. Following the transaction, the executive now owns 67,052 shares in the company, valued at approximately $9,457,684.60. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,704 shares of company stock worth $1,925,748 over the last ninety days. Company insiders own 51.00% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on PI shares. The Goldman Sachs Group cut their price objective on Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. StockNews.com lowered Impinj from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Susquehanna reduced their price target on Impinj from $260.00 to $220.00 and set a "positive" rating for the company in a report on Wednesday, January 22nd. Needham & Company LLC lowered their price target on Impinj from $182.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Impinj to a "strong-buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Impinj currently has an average rating of "Moderate Buy" and an average price target of $183.44.

Impinj Trading Up 1.6 %

Impinj stock traded up $1.43 during trading hours on Tuesday, reaching $92.57. 80,241 shares of the company were exchanged, compared to its average volume of 528,223. Impinj, Inc. has a 12 month low of $84.17 and a 12 month high of $239.88. The stock has a 50-day moving average of $109.21 and a 200 day moving average of $159.00. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 67.95 and a beta of 1.98.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share 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, research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

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.