IMPINJ Inc (NYSE:PI) CFO Evan Fein sold 10,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $53.19, for a total transaction of $531,900.00. Following the completion of the transaction, the chief financial officer now owns 21,100 shares in the company, valued at $1,122,309. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Evan Fein also recently made the following trade(s):
- On Thursday, June 1st, Evan Fein sold 9,000 shares of IMPINJ stock. The stock was sold at an average price of $43.68, for a total transaction of $393,120.00.
- On Friday, May 5th, Evan Fein sold 10,207 shares of IMPINJ stock. The stock was sold at an average price of $41.54, for a total transaction of $423,998.78.
IMPINJ Inc (NYSE:PI) traded up 3.61% on Friday, hitting $51.15. 449,561 shares of the stock were exchanged. IMPINJ Inc has a 52-week low of $16.36 and a 52-week high of $60.85. The firm’s market cap is $1.06 billion. The company has a 50-day moving average price of $47.51 and a 200-day moving average price of $36.59.
IMPINJ (NYSE:PI) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. IMPINJ had a negative return on equity of 6.95% and a negative net margin of 6.81%. The company had revenue of $31.70 million during the quarter, compared to analyst estimates of $30.81 million. The business’s revenue was up 46.8% compared to the same quarter last year. On average, equities research analysts anticipate that IMPINJ Inc will post $0.23 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the stock. KeyCorp downgraded shares of IMPINJ to a “hold” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada increased their price objective on shares of IMPINJ from $50.00 to $59.00 and gave the stock an “outperform” rating in a research note on Monday, June 19th. Morgan Stanley downgraded shares of IMPINJ from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $40.00 to $51.00 in a research note on Monday, June 19th. Zacks Investment Research downgraded shares of IMPINJ from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 29th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $38.00 price objective on shares of IMPINJ in a research note on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $41.38.
Several hedge funds and other institutional investors have recently modified their holdings of PI. UBS Oconnor LLC acquired a new position in shares of IMPINJ during the first quarter valued at approximately $5,318,000. Goldman Sachs Group Inc. acquired a new position in shares of IMPINJ during the first quarter valued at approximately $1,715,000. Brighton Jones LLC acquired a new position in shares of IMPINJ during the first quarter valued at approximately $310,000. Adalta Capital Management LLC acquired a new position in shares of IMPINJ during the first quarter valued at approximately $1,272,000. Finally, Ironwood Investment Management LLC acquired a new position in shares of IMPINJ during the first quarter valued at approximately $1,025,000.
IMPINJ Company Profile
Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.
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