IMPINJ Inc (PI) CFO Sells $393,120.00 in Stock

IMPINJ Inc (NYSE:PI) CFO Evan Fein sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $43.68, for a total value of $393,120.00. Following the completion of the sale, the chief financial officer now directly owns 19,000 shares of the company’s stock, valued at approximately $829,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Evan Fein also recently made the following trade(s):

  • On Friday, June 16th, Evan Fein sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $53.19, for a total value of $531,900.00.
  • On Friday, May 5th, Evan Fein sold 10,207 shares of IMPINJ stock. The stock was sold at an average price of $41.54, for a total value of $423,998.78.

IMPINJ Inc (PI) traded down 4.40% on Tuesday, hitting $53.39. The stock had a trading volume of 421,650 shares. The company’s market cap is $1.10 billion. The company has a 50 day moving average price of $43.59 and a 200-day moving average price of $35.26. IMPINJ Inc has a 52-week low of $16.36 and a 52-week high of $57.15.

IMPINJ (NYSE:PI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The company had revenue of $31.70 million during the quarter, compared to analyst estimates of $30.81 million. The business’s revenue was up 46.8% on a year-over-year basis. On average, equities research analysts predict that IMPINJ Inc will post $0.24 earnings per share for the current year.

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

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Large investors have recently made changes to their positions in the stock. Sylebra HK Co Ltd acquired a new stake in shares of IMPINJ during the first quarter worth $88,898,000. Alliancebernstein L.P. acquired a new stake in shares of IMPINJ during the first quarter worth $20,284,000. Hood River Capital Management LLC acquired a new stake in shares of IMPINJ during the first quarter worth $16,924,000. JPMorgan Chase & Co. raised its stake in shares of IMPINJ by 245.3% in the first quarter. JPMorgan Chase & Co. now owns 576,631 shares of the company’s stock worth $17,455,000 after buying an additional 409,635 shares in the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in shares of IMPINJ during the first quarter worth $9,327,000.

Several brokerages have recently weighed in on PI. Royal Bank Of Canada raised their price target on IMPINJ from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley downgraded IMPINJ from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $40.00 to $51.00 in a report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of IMPINJ in a research report on Thursday, March 2nd. Zacks Investment Research cut IMPINJ from a “buy” rating to a “hold” rating in a research report on Saturday, May 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $38.00 price objective on shares of IMPINJ in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.38.

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.

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