Impinj, Inc. (NASDAQ:PI) COO Sells $51,656.25 in Stock

Impinj, Inc. (NASDAQ:PI) COO Hussein Mecklai sold 435 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.75, for a total transaction of $51,656.25. Following the sale, the chief operating officer now directly owns 55,414 shares of the company’s stock, valued at approximately $6,580,412.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hussein Mecklai also recently made the following trade(s):

• On Monday, March 25th, Hussein Mecklai sold 1,456 shares of Impinj stock. The shares were sold at an average price of $126.83, for a total transaction of $184,664.48.
• On Monday, March 18th, Hussein Mecklai sold 489 shares of Impinj stock. The shares were sold at an average price of $124.38, for a total transaction of $60,821.82.
• On Friday, February 23rd, Hussein Mecklai sold 7,217 shares of Impinj stock. The shares were sold at an average price of $101.15, for a total transaction of $729,999.55.
• On Monday, February 12th, Hussein Mecklai sold 30,000 shares of Impinj stock. The shares were sold at an average price of $104.80, for a total transaction of $3,144,000.00.

Impinj Stock Performance

Impinj stock opened at $116.32 on Friday. The firm has a 50 day simple moving average of $116.30 and a 200-day simple moving average of $92.16. The company has a debt-to-equity ratio of 8.26, a current ratio of 8.73 and a quick ratio of 5.59. Impinj, Inc. has a 1-year low of $48.39 and a 1-year high of $141.68.

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

Analyst Ratings Changes

PI has been the subject of several research reports. Susquehanna upped their price objective on shares of Impinj from $115.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, February 9th. Needham & Company LLC upped their price objective on shares of Impinj from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Canaccord Genuity Group upped their price objective on shares of Impinj from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Evercore ISI initiated coverage on shares of Impinj in a research note on Tuesday. They issued an “outperform” rating and a $160.00 price target for the company. Finally, StockNews.com raised shares of Impinj to a “sell” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and an average price target of $119.44.

Hedge Funds Weigh In On Impinj

Several large investors have recently made changes to their positions in PI. Future Financial Wealth Managment LLC acquired a new stake in Impinj during the 1st quarter worth approximately $32,000. GAMMA Investing LLC acquired a new stake in Impinj during the 4th quarter worth approximately $40,000. KBC Group NV acquired a new stake in Impinj during the 4th quarter worth approximately $47,000. Advisors Asset Management Inc. acquired a new stake in Impinj during the 1st quarter worth approximately $39,000. Finally, Headlands Technologies LLC acquired a new stake in Impinj during the 4th quarter worth approximately $58,000.

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.