Jeffrey Dossett Sells 577 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 577 shares of Impinj stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $209.20, for a total value of $120,708.40. Following the sale, the executive now owns 64,532 shares in the company, valued at $13,500,094.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, July 31st, Jeffrey Dossett sold 15,000 shares of Impinj stock. The stock was sold at an average price of $157.81, for a total transaction of $2,367,150.00.
• On Monday, July 15th, Jeffrey Dossett sold 475 shares of Impinj stock. The shares were sold at an average price of $175.38, for a total transaction of $83,305.50.

Impinj Trading Up 1.8 %

Shares of NASDAQ:PI opened at $217.83 on Friday. The company has a 50 day moving average of $167.65 and a 200 day moving average of $154.27. The stock has a market cap of $6.04 billion, a P/E ratio of -622.37 and a beta of 1.78. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $220.17.

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

Analyst Ratings Changes

PI has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Impinj in a research note on Thursday, July 25th. Susquehanna lifted their price objective on Impinj from $150.00 to $215.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Piper Sandler boosted their price objective on Impinj from $150.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $205.00 price target on shares of Impinj in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Impinj has an average rating of “Moderate Buy” and a consensus target price of $187.10.

Institutional Trading of Impinj

Several institutional investors and hedge funds have recently modified their holdings of PI. Future Financial Wealth Managment LLC purchased a new stake in shares of Impinj during the 1st quarter valued at $32,000. SouthState Corp bought a new position in Impinj in the second quarter valued at $94,000. nVerses Capital LLC raised its position in Impinj by 75.0% during the second quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $110,000 after purchasing an additional 300 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Impinj by 117.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock worth $124,000 after purchasing an additional 521 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its holdings in shares of Impinj by 211.2% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 809 shares of the company’s stock worth $127,000 after purchasing an additional 549 shares in the last quarter.

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.