Insider Selling: IMPINJ Inc (PI) CFO Sells 10,000 Shares of Stock

IMPINJ Inc (NYSE:PI) CFO Evan Fein sold 10,000 shares of IMPINJ stock in a transaction on Friday, June 16th. The stock was sold at an average price of $53.19, for a total value of $531,900.00. Following the transaction, the chief financial officer now owns 21,100 shares in the company, valued at approximately $1,122,309. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 value 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 value of $423,998.78.

Shares of IMPINJ Inc (PI) traded up 0.25% during mid-day trading on Monday, hitting $55.85. The company had a trading volume of 1,212,359 shares. The firm has a 50-day moving average of $43.06 and a 200-day moving average of $34.94. IMPINJ Inc has a 12 month low of $16.36 and a 12 month high of $57.15. The company’s market cap is $1.15 billion.

IMPINJ (NYSE:PI) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $31.70 million for the quarter, compared to analyst estimates of $30.81 million. The business’s revenue was up 46.8% on a year-over-year basis. On average, analysts expect that IMPINJ Inc will post $0.24 EPS for the current year.

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

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A number of large investors have recently modified their holdings of the stock. Capital Impact Advisors LLC acquired a new stake in shares of IMPINJ during the first quarter worth $1,643,000. Hillman Co. acquired a new stake in shares of IMPINJ during the first quarter worth $337,000. Baird Financial Group Inc. acquired a new stake in shares of IMPINJ during the first quarter worth $487,000. Quadrature Capital Ltd acquired a new stake in shares of IMPINJ during the fourth quarter worth $609,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of IMPINJ during the fourth quarter worth $1,712,000.

Several research analysts have recently commented on PI shares. Zacks Investment Research lowered IMPINJ from a “hold” rating to a “strong sell” rating in a report on Thursday, May 18th. Morgan Stanley reiterated a “buy” rating and set a $40.00 price target on shares of IMPINJ in a report on Tuesday, March 21st. Canaccord Genuity reiterated a “buy” rating and set a $38.00 price target on shares of IMPINJ in a report on Friday, May 12th. Royal Bank Of Canada reduced their price target on IMPINJ from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of IMPINJ in a report on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. IMPINJ presently has a consensus rating of “Buy” and an average target price of $41.38.

About IMPINJ

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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