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

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 1,208 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.95, for a total transaction of $153,355.60. Following the transaction, the executive now owns 60,098 shares in the company, valued at approximately $7,629,441.10. The transaction was disclosed in a legal filing with the SEC, 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 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 shares were 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 shares were sold at an average price of $101.11, for a total transaction 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 transaction of $30,114.07.

Impinj Price Performance

Shares of PI stock opened at $128.41 on Friday. Impinj, Inc. has a 1 year low of $48.39 and a 1 year high of $142.70. The firm’s 50 day moving average is $109.91 and its 200-day moving average is $85.04. 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 (NASDAQ:PI) last announced its earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping 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 company had revenue of $70.65 million for the quarter, compared to analyst estimates of $67.10 million. As a group, research analysts expect that Impinj, Inc. will post -0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Impinj

A number of large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in Impinj by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 174,037 shares of the company’s stock valued at $9,577,000 after acquiring an additional 8,038 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Impinj during the third quarter worth $320,000. FMR LLC boosted its position in shares of Impinj by 0.8% during the third quarter. FMR LLC now owns 4,028,894 shares of the company’s stock worth $221,710,000 after purchasing an additional 31,289 shares in the last quarter. Toronado Partners LLC boosted its position in shares of Impinj by 8.8% during the third quarter. Toronado Partners LLC now owns 355,825 shares of the company’s stock worth $19,581,000 after purchasing an additional 28,700 shares in the last quarter. Finally, AWM Investment Company Inc. raised its holdings in shares of Impinj by 9.5% during the third quarter. AWM Investment Company Inc. now owns 365,428 shares of the company’s stock worth $20,110,000 after acquiring an additional 31,556 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PI shares. Susquehanna upped their target price 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. Roth Mkm upped their target price on shares of Impinj from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Needham & Company LLC upped their target price 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 stock a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com raised shares of Impinj to a “sell” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Impinj has an average rating of “Hold” and a consensus target price of $114.38.

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.