IMPINJ Inc (NYSE:PI) CFO Sells $531,900.00 in Stock

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.

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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.

Insider Buying and Selling by Quarter for IMPINJ (NYSE:PI)

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