Impinj, Inc. (NASDAQ:PI) COO Hussein Mecklai Sells 435 Shares

Impinj, Inc. (NASDAQ:PI) COO Hussein Mecklai sold 435 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $118.75, for a total value of $51,656.25. Following the sale, the chief operating officer now owns 55,414 shares of the company’s stock, valued at approximately $6,580,412.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hussein Mecklai also recently made the following trade(s):

• On Monday, March 25th, Hussein Mecklai sold 1,456 shares of Impinj stock. The shares were sold at an average price of $126.83, for a total value of $184,664.48.
• On Monday, March 18th, Hussein Mecklai sold 489 shares of Impinj stock. The stock was sold at an average price of $124.38, for a total value of $60,821.82.
• On Friday, February 23rd, Hussein Mecklai sold 7,217 shares of Impinj stock. The shares were sold at an average price of $101.15, for a total value of $729,999.55.
• On Monday, February 12th, Hussein Mecklai sold 30,000 shares of Impinj stock. The stock was sold at an average price of $104.80, for a total transaction of $3,144,000.00.

Impinj Price Performance

Shares of Impinj stock opened at $120.09 on Thursday. The business has a fifty day simple moving average of $115.86 and a 200 day simple moving average of $91.51. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $142.70.

Impinj (NASDAQ:PI) last issued its earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.11. The firm had revenue of $70.65 million for the quarter, compared to analysts’ expectations of $67.10 million. Impinj had a negative return on equity of 74.70% and a negative net margin of 14.10%. Sell-side analysts predict that Impinj, Inc. will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Impinj

Hedge funds have recently bought and sold shares of the company. Raymond James & Associates increased its holdings in shares of Impinj by 3.3% in the first quarter. Raymond James & Associates now owns 17,095 shares of the company’s stock worth $1,086,000 after acquiring an additional 540 shares in the last quarter. HighTower Advisors LLC increased its stake in Impinj by 21.7% during the 1st quarter. HighTower Advisors LLC now owns 7,326 shares of the company’s stock worth $466,000 after purchasing an additional 1,305 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Impinj by 55.2% during the 1st quarter. MetLife Investment Management LLC now owns 10,123 shares of the company’s stock worth $643,000 after buying an additional 3,601 shares during the period. Rhumbline Advisers lifted its stake in Impinj by 2.7% in the first quarter. Rhumbline Advisers now owns 19,620 shares of the company’s stock valued at $1,247,000 after buying an additional 516 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Impinj by 1.5% in the first quarter. BlackRock Inc. now owns 1,412,629 shares of the company’s stock valued at $89,758,000 after buying an additional 20,404 shares in the last quarter.

Wall Street Analyst Weigh In

PI has been the subject of a number of research analyst reports. Susquehanna boosted their target price on shares of Impinj from $115.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Roth Mkm boosted their price objective on shares of Impinj from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. StockNews.com upgraded Impinj to a “sell” rating in a research report on Friday, February 9th. Evercore ISI assumed coverage on Impinj in a research note on Tuesday. They issued an “outperform” rating and a $160.00 target price for the company. Finally, Canaccord Genuity Group upped their price target on Impinj from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.44.

Impinj Company 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.