Impinj, Inc. (NASDAQ:PI) CRO Sells $153,355.60 in Stock

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 1,208 shares of Impinj stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.95, for a total value of $153,355.60. Following the completion of the transaction, the executive now owns 60,098 shares in the company, valued at $7,629,441.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Dossett also recently made the following trade(s):

• On Monday, March 18th, Jeffrey Dossett sold 3,732 shares of Impinj stock. The shares were sold at an average price of $122.62, for a total value of $457,617.84.
• On Friday, March 15th, Jeffrey Dossett sold 3,000 shares of Impinj stock. The shares were sold at an average price of $121.72, for a total value of $365,160.00.
• On Friday, February 23rd, Jeffrey Dossett sold 4,858 shares of Impinj stock. The stock was sold at an average price of $101.11, for a total value of $491,192.38.
• On Tuesday, January 16th, Jeffrey Dossett sold 371 shares of Impinj stock. The shares were sold at an average price of $81.17, for a total value of $30,114.07.

Impinj Stock Performance

NASDAQ:PI opened at $127.42 on Thursday. The company has a current ratio of 8.73, a quick ratio of 5.59 and a debt-to-equity ratio of 8.26. Impinj, Inc. has a 52 week low of $48.39 and a 52 week high of $142.70. The firm has a 50-day moving average price of $109.22 and a two-hundred day moving average price of $84.74.

Impinj (NASDAQ:PI) last released its earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $67.10 million. Analysts forecast that Impinj, Inc. will post -0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PI. Roth Mkm raised their price objective on Impinj from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Canaccord Genuity Group lifted their price target on Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Needham & Company LLC boosted their price objective on Impinj from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. StockNews.com upgraded Impinj to a “sell” rating in a report on Friday, February 9th. Finally, Susquehanna lifted their price target on shares of Impinj from $115.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $114.38.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PI. Sylebra Capital LLC bought a new stake in shares of Impinj during the 3rd quarter valued at about $217,290,000. Capital International Investors bought a new position in shares of Impinj in the fourth quarter worth approximately $68,211,000. Fred Alger Management LLC boosted its position in shares of Impinj by 249.6% during the third quarter. Fred Alger Management LLC now owns 795,973 shares of the company’s stock worth $43,802,000 after acquiring an additional 568,301 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in Impinj by 40.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,022,359 shares of the company’s stock valued at $56,260,000 after purchasing an additional 292,470 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Impinj by 153.3% in the second quarter. Schonfeld Strategic Advisors LLC now owns 482,700 shares of the company’s stock valued at $43,274,000 after acquiring an additional 292,158 shares during the period.

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.