Headlands Technologies LLC Makes New $58,000 Investment in Impinj, Inc. (NASDAQ:PI)

Headlands Technologies LLC bought a new position in shares of Impinj, Inc. (NASDAQ:PI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 649 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in Impinj during the fourth quarter worth approximately $40,000. Asset Management One Co. Ltd. raised its holdings in Impinj by 74.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,226 shares of the company’s stock valued at $67,000 after acquiring an additional 524 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Impinj by 75.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,468 shares of the company’s stock valued at $81,000 after acquiring an additional 629 shares during the period. Whittier Trust Co. acquired a new stake in shares of Impinj during the 4th quarter worth $90,000. Finally, Shufro Rose & Co. LLC increased its position in shares of Impinj by 680.0% in the third quarter. Shufro Rose & Co. LLC now owns 3,900 shares of the company’s stock worth $215,000 after purchasing an additional 3,400 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PI shares. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Roth Mkm increased their price target on shares of Impinj from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Piper Sandler restated an “overweight” rating and set a $150.00 price objective (up from $130.00) on shares of Impinj in a research report on Thursday, April 25th. The Goldman Sachs Group upped their target price on Impinj from $130.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Needham & Company LLC lifted their price target on Impinj from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Impinj presently has an average rating of “Moderate Buy” and an average price target of $132.89.

Impinj Trading Down 3.0 %

NASDAQ PI opened at $154.66 on Thursday. Impinj, Inc. has a fifty-two week low of $48.39 and a fifty-two week high of $160.71. The company has a quick ratio of 6.87, a current ratio of 9.42 and a debt-to-equity ratio of 3.29. The firm’s fifty day moving average price is $122.57 and its two-hundred day moving average price is $97.47.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, April 24th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $76.83 million for the quarter, compared to analyst estimates of $73.57 million. As a group, sell-side analysts forecast that Impinj, Inc. will post -0.62 earnings per share for the current year.

Insider Transactions at Impinj

In other Impinj news, Director Umesh Padval sold 3,475 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $151.39, for a total transaction of $526,080.25. Following the sale, the director now directly owns 3,529 shares of the company’s stock, valued at approximately $534,255.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Umesh Padval sold 3,475 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $151.39, for a total transaction of $526,080.25. Following the completion of the transaction, the director now directly owns 3,529 shares of the company’s stock, valued at approximately $534,255.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Cary Baker sold 306 shares of Impinj stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $123.55, for a total value of $37,806.30. Following the transaction, the chief financial officer now directly owns 65,748 shares in the company, valued at $8,123,165.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,321 shares of company stock worth $19,859,014. Insiders own 17.10% of the company’s stock.

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.