Atria Wealth Solutions Inc. Invests $279,000 in Impinj, Inc. (NASDAQ:PI)

Atria Wealth Solutions Inc. bought a new stake in Impinj, Inc. (NASDAQ:PI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,100 shares of the company’s stock, valued at approximately $279,000.

Several other hedge funds have also bought and sold shares of PI. Charles Schwab Investment Management Inc. raised its holdings in shares of Impinj by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,037 shares of the company’s stock valued at $9,577,000 after buying an additional 8,038 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Impinj in the 3rd quarter worth approximately $320,000. Telemus Capital LLC bought a new stake in shares of Impinj in the 4th quarter worth approximately $298,000. FMR LLC grew its holdings in shares of Impinj by 0.8% during the 3rd quarter. FMR LLC now owns 4,028,894 shares of the company’s stock valued at $221,710,000 after purchasing an additional 31,289 shares during the last quarter. Finally, AWM Investment Company Inc. grew its holdings in shares of Impinj by 9.5% during the 3rd quarter. AWM Investment Company Inc. now owns 365,428 shares of the company’s stock valued at $20,110,000 after purchasing an additional 31,556 shares during the last quarter.

Impinj Stock Down 1.3 %

Shares of PI stock opened at $163.77 on Thursday. The company has a current ratio of 9.42, a quick ratio of 6.87 and a debt-to-equity ratio of 3.29. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $167.45. The stock has a market cap of $4.54 billion, a P/E ratio of -467.91 and a beta of 1.85. The company has a 50 day simple moving average of $128.57 and a two-hundred day simple moving average of $101.32.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, April 24th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.14. Impinj had a negative return on equity of 60.13% and a negative net margin of 1.90%. The firm had revenue of $76.83 million during the quarter, compared to analyst estimates of $73.57 million. On average, research analysts expect that Impinj, Inc. will post -0.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Chris Ph.D. Diorio sold 16,060 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $101.16, for a total value of $1,624,629.60. Following the completion of the sale, the chief executive officer now directly owns 278,863 shares of the company’s stock, valued at approximately $28,209,781.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Impinj news, CEO Chris Ph.D. Diorio sold 16,060 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $101.16, for a total transaction of $1,624,629.60. Following the transaction, the chief executive officer now owns 278,863 shares in the company, valued at approximately $28,209,781.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cary Baker sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $159.08, for a total transaction of $1,590,800.00. Following the completion of the transaction, the chief financial officer now directly owns 67,948 shares of the company’s stock, valued at approximately $10,809,167.84. The disclosure for this sale can be found here. Insiders sold 183,321 shares of company stock valued at $22,221,714 in the last three months. Corporate insiders own 51.00% of the company’s stock.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of analyst reports. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. The Goldman Sachs Group upped their price target on Impinj from $130.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Piper Sandler reiterated an “overweight” rating and issued a $150.00 price objective (up from $130.00) on shares of Impinj in a research report on Thursday, April 25th. Roth Mkm upped their target price on Impinj from $125.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Susquehanna raised their price target on Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $132.89.

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.