IMPINJ Inc (NYSE:PI) insider Eric Brodersen sold 7,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $35.81, for a total transaction of $250,670.00. Following the completion of the sale, the insider now directly owns 101,443 shares in the company, valued at approximately $3,632,673.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Eric Brodersen also recently made the following trade(s):

  • On Monday, August 28th, Eric Brodersen sold 3,500 shares of IMPINJ stock. The stock was sold at an average price of $35.74, for a total transaction of $125,090.00.
  • On Monday, July 17th, Eric Brodersen sold 3,500 shares of IMPINJ stock. The stock was sold at an average price of $53.21, for a total transaction of $186,235.00.
  • On Tuesday, July 18th, Eric Brodersen sold 7,000 shares of IMPINJ stock. The stock was sold at an average price of $53.23, for a total transaction of $372,610.00.
  • On Wednesday, June 14th, Eric Brodersen sold 7,000 shares of IMPINJ stock. The stock was sold at an average price of $46.93, for a total transaction of $328,510.00.

IMPINJ Inc (PI) opened at 39.00 on Friday. IMPINJ Inc has a one year low of $19.55 and a one year high of $60.85. The firm’s market capitalization is $813.54 million. The company’s 50-day moving average is $41.66 and its 200-day moving average is $39.49.

IMPINJ (NYSE:PI) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. IMPINJ had a negative return on equity of 3.11% and a negative net margin of 2.86%. The business had revenue of $34.10 million for the quarter, compared to analysts’ expectations of $33.41 million. During the same period last year, the business earned $0.06 EPS. The business’s revenue was up 31.2% on a year-over-year basis. Equities analysts forecast that IMPINJ Inc will post $0.05 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of PI. Carnegie Capital Asset Management LLC boosted its position in shares of IMPINJ by 10.7% in the second quarter. Carnegie Capital Asset Management LLC now owns 15,230 shares of the company’s stock valued at $747,000 after buying an additional 1,470 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of IMPINJ by 95.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock valued at $176,000 after buying an additional 1,765 shares during the period. Global X Management Co. LLC boosted its position in shares of IMPINJ by 30.6% in the second quarter. Global X Management Co. LLC now owns 8,073 shares of the company’s stock valued at $393,000 after buying an additional 1,892 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of IMPINJ by 1,261.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock valued at $102,000 after buying an additional 1,942 shares during the period. Finally, Virtu KCG Holdings LLC boosted its position in shares of IMPINJ by 40.6% in the second quarter. Virtu KCG Holdings LLC now owns 9,570 shares of the company’s stock valued at $466,000 after buying an additional 2,764 shares during the period.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of IMPINJ from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 29th. Royal Bank Of Canada cut their price objective on shares of IMPINJ from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, May 15th. KeyCorp reissued a “hold” rating on shares of IMPINJ in a research report on Wednesday, August 23rd. Dougherty & Co assumed coverage on shares of IMPINJ in a research report on Wednesday, August 23rd. They issued a “buy” rating and a $62.00 price objective on the stock. Finally, Canaccord Genuity reissued a “buy” rating and issued a $38.00 price objective on shares of IMPINJ in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. IMPINJ has a consensus rating of “Buy” and an average price target of $47.63.

IMPINJ Company Profile

Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.

Insider Buying and Selling by Quarter for IMPINJ (NYSE:PI)

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