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8,078 Shares in Impinj, Inc. (NASDAQ:PI) Purchased by Virtu Financial LLC

Impinj logo with Computer and Technology background

Virtu Financial LLC purchased a new stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,078 shares of the company's stock, valued at approximately $1,749,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Bank & Trust grew its stake in Impinj by 3.2% in the 3rd quarter. First Bank & Trust now owns 1,768 shares of the company's stock valued at $383,000 after purchasing an additional 55 shares during the period. National Bank of Canada FI bought a new position in Impinj during the third quarter valued at about $30,000. Farther Finance Advisors LLC increased its holdings in Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company's stock worth $33,000 after buying an additional 141 shares during the last quarter. KBC Group NV raised its position in Impinj by 29.7% in the third quarter. KBC Group NV now owns 681 shares of the company's stock worth $147,000 after acquiring an additional 156 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Impinj by 7.3% in the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company's stock valued at $432,000 after acquiring an additional 190 shares during the last quarter.

Impinj Trading Down 4.9 %

PI traded down $7.81 during midday trading on Friday, reaching $150.98. The company's stock had a trading volume of 745,926 shares, compared to its average volume of 476,722. Impinj, Inc. has a 1 year low of $78.17 and a 1 year high of $239.88. The stock's 50-day moving average is $198.32 and its 200-day moving average is $177.86. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 169.64 and a beta of 1.80.

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 analysts' consensus estimates of $0.48 by $0.08. The company had revenue of $95.20 million for the quarter, compared to analysts' expectations of $92.86 million. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. Impinj's revenue was up 46.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.36) EPS. As a group, equities research analysts forecast that Impinj, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Activity at Impinj

In other Impinj news, CEO Chris Ph.D. Diorio sold 1,498 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $209.12, for a total value of $313,261.76. Following the transaction, the chief executive officer now directly owns 292,532 shares in the company, valued at approximately $61,174,291.84. This trade represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Sylebra Capital Llc sold 32,031 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $195.35, for a total value of $6,257,255.85. Following the completion of the sale, the insider now owns 3,021,548 shares of the company's stock, valued at $590,259,401.80. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 655,674 shares of company stock worth $131,623,305 over the last quarter. Company insiders own 51.00% of the company's stock.

Analysts Set New Price Targets

PI has been the topic of a number of research reports. Cantor Fitzgerald boosted their price objective on Impinj from $205.00 to $260.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Evercore ISI reissued an "outperform" rating and issued a $270.00 price target (up previously from $205.00) on shares of Impinj in a research report on Thursday, October 24th. StockNews.com downgraded shares of Impinj from a "hold" rating to a "sell" rating in a report on Friday, October 25th. Needham & Company LLC increased their target price on Impinj from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price target on Impinj from $165.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $224.60.

View Our Latest Research Report on Impinj

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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Institutional Ownership by Quarter for Impinj (NASDAQ:PI)

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