Chris Ph.D. Diorio Sells 8,334 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 8,334 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $98.78, for a total transaction of $823,232.52. Following the completion of the transaction, the chief executive officer now directly owns 354,076 shares of the company’s stock, valued at approximately $34,975,627.28. The trade was a 2.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chris Ph.D. Diorio also recently made the following trade(s):

• On Monday, January 13th, Chris Ph.D. Diorio sold 841 shares of Impinj stock. The stock was sold at an average price of $141.02, for a total transaction of $118,597.82.
• On Tuesday, December 24th, Chris Ph.D. Diorio sold 1,504 shares of Impinj stock. The shares were sold at an average price of $146.22, for a total value of $219,914.88.

Impinj Stock Performance

Shares of NASDAQ PI opened at $93.14 on Wednesday. The company’s 50 day moving average price is $131.02 and its 200-day moving average price is $168.64. Impinj, Inc. has a 52-week low of $91.99 and a 52-week high of $239.88. The company has a market capitalization of $2.66 billion, a P/E ratio of 68.49 and a beta of 1.88.

Impinj (NASDAQ:PI) last released its earnings results 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%. Analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on PI. Susquehanna lowered their target price on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a report on Wednesday, January 22nd. StockNews.com downgraded Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Needham & Company LLC cut their target price on shares of Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Piper Sandler decreased their price target on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald dropped their price target on shares of Impinj from $260.00 to $133.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and an average price target of $180.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC lifted its position in shares of Impinj by 210.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 8,569 shares of the company’s stock valued at $1,855,000 after acquiring an additional 5,807 shares during the period. Nordea Investment Management AB bought a new stake in Impinj in the fourth quarter valued at $3,341,000. Thrivent Financial for Lutherans acquired a new position in shares of Impinj during the third quarter valued at about $3,872,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Impinj during the 3rd quarter worth about $846,000. Finally, Intech Investment Management LLC bought a new position in shares of Impinj during the 3rd quarter worth about $1,437,000.

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.