Cathal G. Phelan Sells 841 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) insider Cathal G. Phelan sold 841 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $126.83, for a total transaction of $106,664.03. Following the sale, the insider now directly owns 25,801 shares of the company’s stock, valued at approximately $3,272,340.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Impinj Price Performance

Shares of PI opened at $127.42 on Thursday. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. Impinj, Inc. has a 1 year low of $48.39 and a 1 year high of $142.70. The company has a 50 day simple moving average of $109.22 and a two-hundred day simple moving average of $84.74.

Impinj (NASDAQ:PI) last posted its earnings results on Thursday, February 8th. The company reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.11. The firm had revenue of $70.65 million during the quarter, compared to the consensus estimate of $67.10 million. Impinj had a negative return on equity of 74.70% and a negative net margin of 14.10%. Sell-side analysts anticipate that Impinj, Inc. will post -0.62 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PI. The Goldman Sachs Group increased their target price on shares of Impinj from $89.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 9th. StockNews.com raised shares of Impinj to a “sell” rating in a report on Friday, February 9th. Susquehanna increased their target price on shares of Impinj from $115.00 to $130.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Canaccord Genuity Group increased their price objective on shares of Impinj from $130.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Needham & Company LLC increased their price objective on shares of Impinj from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Impinj has an average rating of “Hold” and an average target price of $114.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PI. Advisors Asset Management Inc. bought a new position in shares of Impinj during the 1st quarter valued at approximately $39,000. GAMMA Investing LLC bought a new stake in Impinj in the fourth quarter worth $40,000. KBC Group NV bought a new stake in Impinj in the fourth quarter worth $47,000. Newbridge Financial Services Group Inc. bought a new stake in Impinj in the third quarter worth $55,000. Finally, Headlands Technologies LLC bought a new stake in Impinj in the fourth quarter worth $58,000.

About Impinj

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.