Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 498 Shares

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 498 shares of Impinj stock in a transaction on Monday, April 15th. The stock was sold at an average price of $118.70, for a total transaction of $59,112.60. Following the completion of the transaction, the executive now directly owns 60,850 shares of the company’s stock, valued at approximately $7,222,895. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, March 25th, Jeffrey Dossett sold 1,208 shares of Impinj stock. The shares were sold at an average price of $126.95, for a total transaction of $153,355.60.
• On Monday, March 18th, Jeffrey Dossett sold 3,732 shares of Impinj stock. The shares were sold at an average price of $122.62, for a total transaction of $457,617.84.
• On Friday, March 15th, Jeffrey Dossett sold 3,000 shares of Impinj stock. The stock was sold at an average price of $121.72, for a total value of $365,160.00.
• On Friday, February 23rd, Jeffrey Dossett sold 4,858 shares of Impinj stock. The shares were sold at an average price of $101.11, for a total transaction of $491,192.38.

Impinj Trading Down 1.1 %

Shares of Impinj stock opened at $120.09 on Thursday. Impinj, Inc. has a 1 year low of $48.39 and a 1 year high of $142.70. The company’s fifty day simple moving average is $115.86 and its 200-day simple moving average is $91.51. The company has a debt-to-equity ratio of 8.26, a quick ratio of 5.59 and a current ratio of 8.73.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PI. Canaccord Genuity Group raised their target price on shares of Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Evercore ISI assumed coverage on Impinj in a report on Tuesday. They issued an “outperform” rating and a $160.00 target price on the stock. StockNews.com raised Impinj to a “sell” rating in a research report on Friday, February 9th. Roth Mkm increased their price target on Impinj from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Susquehanna boosted their price objective on Impinj from $115.00 to $130.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.44.

Institutional Investors Weigh In On Impinj

Large investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC acquired a new position in shares of Impinj during the first quarter valued at $32,000. GAMMA Investing LLC acquired a new stake in shares of Impinj in the 4th quarter valued at approximately $40,000. KBC Group NV bought a new position in Impinj during the 4th quarter worth approximately $47,000. Advisors Asset Management Inc. acquired a new position in Impinj during the first quarter valued at approximately $39,000. Finally, Headlands Technologies LLC bought a new stake in Impinj in the fourth quarter valued at approximately $58,000.

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.