Insider Selling: Impinj, Inc. (NASDAQ:PI) CRO Sells $263,427.46 in Stock

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 2,666 shares of Impinj stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.81, for a total value of $263,427.46. Following the completion of the sale, the executive now directly owns 71,886 shares in the company, valued at $7,103,055.66. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeffrey Dossett also recently made the following trade(s):

• On Monday, January 13th, Jeffrey Dossett sold 378 shares of Impinj stock. The stock was sold at an average price of $141.05, for a total value of $53,316.90.
• On Tuesday, December 24th, Jeffrey Dossett sold 580 shares of Impinj stock. The stock was sold at an average price of $146.06, for a total value of $84,714.80.

Impinj Trading Up 3.4 %

PI stock opened at $96.28 on Thursday. The company has a market capitalization of $2.75 billion, a PE ratio of 70.79 and a beta of 1.88. Impinj, Inc. has a 12-month low of $91.99 and a 12-month high of $239.88. The business’s fifty day moving average price is $129.92 and its 200 day moving average price is $168.24.

Impinj (NASDAQ:PI) last posted 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%. Research analysts predict that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Impinj

Large investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board purchased a new stake in Impinj during the 4th quarter worth about $29,000. National Bank of Canada FI purchased a new position in shares of Impinj in the 3rd quarter valued at about $30,000. Farther Finance Advisors LLC increased its holdings in shares of 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 last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Impinj in the 4th quarter valued at about $33,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Impinj by 205.9% in the 4th quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the last quarter.

Analyst Ratings Changes

PI has been the topic of a number of recent research reports. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Needham & Company LLC lowered their price objective on Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Piper Sandler lowered their price objective on Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald lowered their price objective on Impinj from $260.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Impinj presently has an average rating of “Moderate Buy” and an average price target of $180.10.

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.