Impinj, Inc. (NASDAQ:PI) Shares Acquired by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. boosted its stake in Impinj, Inc. (NASDAQ:PI) by 211.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 809 shares of the company’s stock after buying an additional 549 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Impinj were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PI. Charles Schwab Investment Management Inc. lifted its stake in Impinj by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 180,847 shares of the company’s stock valued at $16,282,000 after purchasing an additional 6,810 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Impinj in the 4th quarter worth about $1,458,000. Ghisallo Capital Management LLC purchased a new position in Impinj during the fourth quarter valued at approximately $4,192,000. Eagle Asset Management Inc. increased its stake in Impinj by 19.6% in the 4th quarter. Eagle Asset Management Inc. now owns 204,767 shares of the company’s stock valued at $18,435,000 after buying an additional 33,504 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Impinj during the first quarter valued at $513,000.

Impinj Stock Performance

NASDAQ:PI traded up $0.46 during mid-day trading on Friday, hitting $149.07. The company had a trading volume of 78,903 shares, compared to its average volume of 443,986. The business’s fifty day moving average is $157.65 and its two-hundred day moving average is $137.72. Impinj, Inc. has a fifty-two week low of $48.39 and a fifty-two week high of $181.88. The firm has a market cap of $4.13 billion, a P/E ratio of -424.60 and a beta of 1.78.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. Impinj had a negative return on equity of 21.12% and a net margin of 3.93%. The business had revenue of $102.50 million for the quarter, compared to analysts’ expectations of $97.47 million. During the same quarter in the previous year, the business posted ($0.14) EPS. Impinj’s revenue for the quarter was up 19.2% on a year-over-year basis. Equities analysts forecast that Impinj, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PI shares. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Roth Mkm increased their price objective on Impinj from $145.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Susquehanna boosted their target price on Impinj from $150.00 to $215.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Jefferies Financial Group assumed coverage on Impinj in a report on Monday, May 13th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Lake Street Capital upped their price objective on shares of Impinj from $155.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $187.10.

Insider Activity at Impinj

In other Impinj news, insider Cathal G. Phelan sold 708 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $166.99, for a total transaction of $118,228.92. Following the sale, the insider now directly owns 16,468 shares of the company’s stock, valued at approximately $2,749,991.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Cathal G. Phelan sold 708 shares of Impinj stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $166.99, for a total value of $118,228.92. Following the completion of the transaction, the insider now owns 16,468 shares of the company’s stock, valued at approximately $2,749,991.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Jeffrey Dossett sold 15,000 shares of Impinj stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $157.81, for a total value of $2,367,150.00. Following the transaction, the executive now owns 63,642 shares of the company’s stock, valued at $10,043,344.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,049,835 shares of company stock valued at $160,813,887. 51.00% of the stock is owned by insiders.

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.