Macquarie Group Ltd. decreased its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 43.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,040 shares of the company’s stock after selling 34,368 shares during the period. Macquarie Group Ltd. owned approximately 0.21% of Impinj worth $1,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Impinj by 4.0% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,191,393 shares of the company’s stock worth $91,184,000 after acquiring an additional 84,514 shares in the last quarter. Hood River Capital Management LLC boosted its stake in shares of Impinj by 1.1% during the 3rd quarter. Hood River Capital Management LLC now owns 739,823 shares of the company’s stock worth $30,784,000 after acquiring an additional 7,858 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Impinj during the 3rd quarter worth approximately $26,714,000. Vanguard Group Inc. boosted its stake in shares of Impinj by 26.6% during the 2nd quarter. Vanguard Group Inc. now owns 614,227 shares of the company’s stock worth $29,883,000 after acquiring an additional 128,980 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Impinj by 207.6% during the 2nd quarter. State Street Corp now owns 303,827 shares of the company’s stock worth $14,781,000 after acquiring an additional 205,050 shares in the last quarter. Institutional investors own 82.95% of the company’s stock.

Impinj, Inc. (NASDAQ PI) opened at $23.31 on Thursday. Impinj, Inc. has a 52 week low of $19.97 and a 52 week high of $60.85. The company has a current ratio of 7.49, a quick ratio of 4.97 and a debt-to-equity ratio of 0.06.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm had revenue of $32.60 million for the quarter, compared to analyst estimates of $32.58 million. Impinj had a negative return on equity of 1.15% and a negative net margin of 5.97%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. analysts anticipate that Impinj, Inc. will post -0.41 earnings per share for the current year.

Several brokerages have recently commented on PI. Royal Bank Of Canada reissued a “buy” rating on shares of Impinj in a research note on Friday, September 29th. BidaskClub raised Impinj from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. Dougherty & Co reissued a “buy” rating and set a $62.00 price target on shares of Impinj in a research note on Thursday, September 14th. Zacks Investment Research lowered Impinj from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Needham & Company LLC reduced their target price on Impinj from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $36.67.

In other news, CFO Evan Fein sold 3,300 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.19, for a total transaction of $83,127.00. Following the completion of the sale, the chief financial officer now directly owns 15,100 shares in the company, valued at $380,369. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Brodersen sold 7,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $39.85, for a total value of $278,950.00. Following the sale, the insider now owns 92,843 shares of the company’s stock, valued at $3,699,793.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,200 shares of company stock valued at $895,109. Insiders own 15.20% of the company’s stock.

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About Impinj

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.

Institutional Ownership by Quarter for Impinj (NASDAQ:PI)

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