Impinj, Inc. (NASDAQ:PI – Get Free Report) CEO Chris Ph.D. Diorio sold 1,187 shares of the company’s stock in a transaction that occurred on Monday, July 15. The shares were sold at an average price of $175.43, for a total transaction of $208,235.41. Following the sale, the CEO now owns 291,412 shares of the company’s stock, valued at approximately $51,122,407.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Chris Ph.D. Diorio also recently made the following trades:
- On Monday, July 8, Chris Ph.D. Diorio sold 5,000 shares of Impinj. The shares were sold at an average price of $162.32, for a total value of $811,600.00.
- On Monday, July 1, Chris Ph.D. Diorio sold 5,000 shares of Impinj. The average price of the shares was $154.03, for a total value of $770,150.00.
- On Monday, June 24, Chris Ph.D. Diorio sold 6,519 shares of Impinj. The average price of the shares was $148.01, for a total value of $964,877.19.
- On Tuesday, June 18, Chris Ph.D. Diorio sold 5,000 shares of Impinj. The shares were sold at an average price of $150.92, for a total value of $754,600.00.
- On Tuesday, June 11, Chris Ph.D. Diorio sold 5,000 shares of Impinj. The stock was sold at an average price of $146.49, for a total transaction of $732,450.00.
- On Friday, April 26, Chris Ph.D. Diorio sold 26,661 shares of Impinj. The stock was sold at an average price of $147.02, for a total transaction of $3,919,700.22.
Impinj price history
NASDAQ:PI opened at $179.81 on Wednesday. Impinj, Inc. has a 52-week low of $48.39 and a 52-week high of $179.95. The company has a quick ratio of 6.87, a current ratio of 9.42 and a debt-to-equity ratio of 3.29. The company’s 50-day average price is $160.60 and its 200-day average price is $129.98.
Impinj (NASDAQ:PI – Get Free Report) last announced its quarterly results on Wednesday, April 24. The company reported earnings per share (EPS) of -$0.17 for the quarter, beating the consensus estimate of -$0.31 by $0.14. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. The company had revenue of $76.83 million during the quarter, compared to analyst expectations of $73.57 million. Overall, sell-side analysts forecast that Impinj, Inc. will report earnings per share of $0.02 for the current fiscal year.
Institutional inflows and outflows
Institutional investors have recently changed their holdings in the stock. Future Financial Wealth Management LLC acquired a new stake in Impinj in the first quarter valued at approximately $32,000. GAMMA Investing LLC acquired a new stake in Impinj in the fourth quarter valued at approximately $40,000. Headlands Technologies LLC acquired a new stake in Impinj in the fourth quarter valued at approximately $58,000. Whittier Trust Co. acquired a new stake in Impinj in the fourth quarter valued at approximately $90,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake 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 acquiring an additional 521 shares in the last quarter.
Changes in analyst ratings
Several brokerages have commented on PI. Jefferies Financial Group assumed coverage on shares of Impinj in a research note on Monday, May 13th. They issued a “buy” rating and a $200.00 price target on the stock. Roth Mkm increased their price target on Impinj from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Evercore ISI assumed coverage on Impinj in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $160.00 price target for the company. Piper Sandler increased their price target on shares of Impinj from $150.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, StockNews.com downgraded shares of Impinj from a “hold” rating to a “sell” rating in a research report on Tuesday, May 21. One equities analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.33.
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About Impinj
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Impinj, Inc operates a cloud connectivity platform in the Americas, Asia Pacific, Europe, Middle East and Africa. The platform connects objects wirelessly and delivers data about the connected objects to business and consumer applications. The company’s platform consists of endpoint ICs, miniature radios on a chip that attach to a host object and contain a number to identify the object.
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