Jeffrey Dossett Sells 8,000 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 8,000 shares of Impinj stock in a transaction on Friday, April 26th. The stock was sold at an average price of $145.77, for a total transaction of $1,166,160.00. Following the transaction, the executive now directly owns 60,850 shares in the company, valued at $8,870,104.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, April 15th, Jeffrey Dossett sold 498 shares of Impinj stock. The stock was sold at an average price of $118.70, for a total transaction of $59,112.60.
• On Monday, March 25th, Jeffrey Dossett sold 1,208 shares of Impinj stock. The stock was sold at an average price of $126.95, for a total transaction of $153,355.60.
• On Monday, March 18th, Jeffrey Dossett sold 3,732 shares of Impinj stock. The stock was sold at an average price of $122.62, for a total transaction of $457,617.84.
• On Friday, March 15th, Jeffrey Dossett sold 3,000 shares of Impinj stock. The stock was sold at an average price of $121.72, for a total transaction 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 transaction of $491,192.38.

Impinj Trading Down 3.0 %

Shares of PI opened at $154.66 on Thursday. The business’s 50-day moving average price is $122.57 and its 200-day moving average price is $97.47. Impinj, Inc. has a twelve month low of $48.39 and a twelve month high of $160.71. The stock has a market cap of $4.29 billion, a PE ratio of -441.89 and a beta of 2.05. The company has a quick ratio of 6.87, a current ratio of 9.42 and a debt-to-equity ratio of 3.29.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, April 24th. The company reported ($0.17) earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $73.57 million. On average, equities analysts forecast that Impinj, Inc. will post -0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PI has been the topic of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $150.00 price target (up from $130.00) on shares of Impinj in a report on Thursday, April 25th. The Goldman Sachs Group boosted their price target on shares of Impinj from $130.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, April 26th. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Roth Mkm boosted their price target on shares of Impinj from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Evercore ISI initiated coverage on shares of Impinj in a report on Tuesday, April 16th. They issued an “outperform” rating and a $160.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.89.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PI. Asset Management One Co. Ltd. increased its position in shares of Impinj by 74.6% in the third quarter. Asset Management One Co. Ltd. now owns 1,226 shares of the company’s stock worth $67,000 after purchasing an additional 524 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Impinj by 109.8% in the third quarter. Commonwealth Equity Services LLC now owns 4,730 shares of the company’s stock worth $260,000 after purchasing an additional 2,476 shares during the last quarter. Aquila Investment Management LLC increased its position in shares of Impinj by 400.0% in the third quarter. Aquila Investment Management LLC now owns 50,000 shares of the company’s stock worth $2,752,000 after purchasing an additional 40,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Impinj by 13.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 26,579 shares of the company’s stock worth $1,463,000 after purchasing an additional 3,098 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Impinj by 75.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,468 shares of the company’s stock worth $81,000 after purchasing an additional 629 shares during the last quarter.

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.