Versor Investments LP acquired a new position in Impinj, Inc. (NASDAQ:PI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,617 shares of the company's stock, valued at approximately $816,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI purchased a new position in Impinj during the third quarter worth approximately $30,000. Farther Finance Advisors LLC grew its stake in Impinj by 1,084.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company's stock valued at $33,000 after acquiring an additional 141 shares during the period. IFP Advisors Inc increased its holdings in Impinj by 116.5% in the 4th quarter. IFP Advisors Inc now owns 368 shares of the company's stock worth $53,000 after acquiring an additional 198 shares in the last quarter. Spire Wealth Management acquired a new position in Impinj during the fourth quarter worth $87,000. Finally, KBC Group NV lifted its holdings in Impinj by 33.5% during the fourth quarter. KBC Group NV now owns 909 shares of the company's stock valued at $132,000 after purchasing an additional 228 shares in the last quarter.
Insider Activity at Impinj
In related news, CEO Chris Ph.D. Diorio sold 8,334 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $98.78, for a total transaction of $823,232.52. Following the sale, the chief executive officer now directly owns 354,076 shares of the company's stock, valued at $34,975,627.28. This represents a 2.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cary Baker sold 499 shares of the business's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total transaction of $72,883.94. Following the completion of the transaction, the chief financial officer now owns 71,107 shares of the company's stock, valued at approximately $10,385,888.42. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,323 shares of company stock worth $2,454,588. Insiders own 51.00% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. StockNews.com cut shares of Impinj from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. Needham & Company LLC decreased their target price on Impinj from $182.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Cantor Fitzgerald raised Impinj to a "strong-buy" rating in a research note on Thursday, February 27th. Piper Sandler lowered their target price on shares of Impinj from $235.00 to $140.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Finally, Susquehanna lowered their price target on shares of Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Impinj currently has an average rating of "Moderate Buy" and an average target price of $180.10.
View Our Latest Report on Impinj
Impinj Stock Up 4.2 %
NASDAQ:PI traded up $3.70 on Tuesday, reaching $91.43. The company's stock had a trading volume of 503,944 shares, compared to its average volume of 728,680. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 67.23 and a beta of 1.88. 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 price of $125.75 and a 200 day moving average price of $166.47.
Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%. Equities research analysts expect that Impinj, Inc. will post -0.47 EPS for the current fiscal year.
Impinj Company Profile
(
Free Report)
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.
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