Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio Sells 646 Shares

Impinj, Inc. (NASDAQ:PIGet Rating) CEO Chris Ph.D. Diorio sold 646 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $47.93, for a total value of $30,962.78. Following the sale, the chief executive officer now directly owns 314,714 shares in the company, valued at $15,084,242.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Chris Ph.D. Diorio also recently made the following trade(s):

  • On Wednesday, April 13th, Chris Ph.D. Diorio sold 4,824 shares of Impinj stock. The stock was sold at an average price of $52.39, for a total value of $252,729.36.

NASDAQ:PI traded up $1.97 during midday trading on Friday, hitting $49.39. The stock had a trading volume of 305,178 shares, compared to its average volume of 328,996. Impinj, Inc. has a one year low of $39.69 and a one year high of $94.39. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -23.19 and a beta of 2.40. The stock has a 50-day moving average of $48.64 and a 200 day moving average of $65.52.

Impinj (NASDAQ:PIGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.58. Impinj had a negative return on equity of 89.38% and a negative net margin of 26.39%. During the same period in the previous year, the company earned ($0.30) EPS. As a group, research analysts predict that Impinj, Inc. will post -1.48 EPS for the current year.

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reduced their price objective on Impinj from $102.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, March 28th. Piper Sandler cut their target price on Impinj from $100.00 to $80.00 in a research note on Wednesday, April 27th. Lake Street Capital cut their target price on Impinj from $100.00 to $87.00 in a research note on Thursday, April 28th. StockNews.com started coverage on Impinj in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Roth Capital cut their target price on Impinj from $95.00 to $76.00 in a research note on Thursday, April 28th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Impinj currently has an average rating of “Buy” and an average price target of $90.60.

A number of large investors have recently made changes to their positions in PI. Royal Bank of Canada lifted its holdings in Impinj by 46.4% during the second quarter. Royal Bank of Canada now owns 3,213 shares of the company’s stock worth $166,000 after buying an additional 1,019 shares during the period. Invesco Ltd. lifted its holdings in Impinj by 28.4% during the second quarter. Invesco Ltd. now owns 7,229 shares of the company’s stock worth $373,000 after buying an additional 1,598 shares during the period. Citigroup Inc. lifted its holdings in Impinj by 6.5% during the third quarter. Citigroup Inc. now owns 4,925 shares of the company’s stock worth $281,000 after buying an additional 300 shares during the period. HighTower Advisors LLC purchased a new stake in Impinj during the third quarter worth $338,000. Finally, Voya Investment Management LLC lifted its holdings in Impinj by 3.7% during the third quarter. Voya Investment Management LLC now owns 7,365 shares of the company’s stock worth $421,000 after buying an additional 264 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Impinj Company Profile (Get Rating)

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual 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.

Further Reading

Insider Buying and Selling by Quarter for Impinj (NASDAQ:PI)

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