Impinj, Inc. (NASDAQ:PI) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its holdings in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 30.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,302 shares of the company's stock after selling 32,098 shares during the quarter. TimesSquare Capital Management LLC owned 0.26% of Impinj worth $15,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PI. Vanguard Group Inc. boosted its stake 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 worth $322,384,000 after purchasing an additional 35,893 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Impinj in the second quarter worth $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 bought a new position in shares of Impinj during the 2nd quarter worth approximately $30,116,000. Finally, Emerald Advisers LLC boosted 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 acquiring an additional 13,884 shares in the last quarter.

Insider Activity

In other Impinj news, insider Cathal G. Phelan sold 677 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $162.46, for a total value of $109,985.42. Following the transaction, the insider now directly owns 17,367 shares of the company's stock, valued at $2,821,442.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Impinj news, insider Cathal G. Phelan sold 11,549 shares of Impinj stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $200.81, for a total transaction of $2,319,154.69. Following the transaction, the insider now directly owns 6,098 shares of the company's stock, valued at $1,224,539.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cathal G. Phelan sold 677 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $162.46, for a total transaction of $109,985.42. Following the completion of the transaction, the insider now owns 17,367 shares in the company, valued at $2,821,442.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 317,685 shares of company stock worth $63,262,298 over the last three months. Insiders own 51.00% of the company's stock.

Impinj Trading Down 2.1 %

NASDAQ:PI traded down $4.26 during trading hours on Monday, reaching $199.30. 481,875 shares of the company were exchanged, compared to its average volume of 473,929. The firm has a market cap of $5.64 billion, a PE ratio of 228.88 and a beta of 1.81. Impinj, Inc. has a twelve month low of $69.50 and a twelve month high of $239.88. The stock's 50-day moving average is $203.31 and its 200-day moving average is $175.01.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $92.86 million. During the same period in the previous year, the firm posted ($0.36) EPS. Impinj's revenue was up 46.5% compared to the same quarter last year. As a group, research analysts anticipate that Impinj, Inc. will post 0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

PI has been the subject of several research reports. Needham & Company LLC lifted their price objective on shares of Impinj from $195.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Susquehanna upped their target price on 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 target (up from $205.00) on shares of Impinj in a research report on Thursday, October 24th. Lake Street Capital upped their price objective on shares of Impinj from $190.00 to $251.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Impinj from a "hold" rating to a "sell" rating in a research report on Friday, October 25th. One 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.