Impinj, Inc. (NASDAQ:PI) CRO Sells $1,166,160.00 in Stock

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

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

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

Impinj Price Performance

NASDAQ PI traded up $1.93 on Tuesday, hitting $159.38. 684,605 shares of the company’s stock were exchanged, compared to its average volume of 428,237. The stock has a 50-day moving average of $120.33 and a 200-day moving average of $96.31. The company has a current ratio of 9.42, a quick ratio of 6.87 and a debt-to-equity ratio of 3.29. Impinj, Inc. has a 52 week low of $48.39 and a 52 week high of $160.71. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of -455.37 and a beta of 2.05.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, April 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.14. The company had revenue of $76.83 million during the quarter, compared to the consensus estimate of $73.57 million. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. Analysts expect that Impinj, Inc. will post -0.62 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Impinj from $130.00 to $156.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com raised Impinj from a “sell” rating to a “hold” rating in a research report on Friday. Canaccord Genuity Group lifted their target price on Impinj from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Evercore ISI started coverage on Impinj in a research report on Tuesday, April 16th. They set an “outperform” rating and a $160.00 price target on the stock. Finally, Roth Mkm boosted their price target on Impinj from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. One equities 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.89.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Impinj during the first quarter worth $32,000. GAMMA Investing LLC acquired a new stake in Impinj in the fourth quarter valued at $40,000. Headlands Technologies LLC acquired a new stake in Impinj in the fourth quarter valued at $58,000. Benjamin F. Edwards & Company Inc. increased its holdings in Impinj by 117.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock valued at $124,000 after purchasing an additional 521 shares during the period. Finally, Whittier Trust Co. acquired a new stake in Impinj in the fourth quarter valued at $90,000.

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.