Capital Impact Advisors LLC Has $1.22 Million Stake in Impinj, Inc. (NASDAQ:PI)

Capital Impact Advisors LLC lessened its stake in shares of Impinj, Inc. (NASDAQ:PI – Get Rating) by 29.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,992 shares of the company’s stock after selling 4,481 shares during the period. Impinj accounts for about 1.2% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Capital Impact Advisors LLC’s holdings in Impinj were worth $1,222,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of PI. Advisory Research Inc. increased its holdings in Impinj by 40.8% during the third quarter. Advisory Research Inc. now owns 95,906 shares of the company’s stock valued at $7,675,000 after buying an additional 27,783 shares during the period. Alpha DNA Investment Management LLC purchased a new position in Impinj during the third quarter valued at approximately $490,000. Balyasny Asset Management LLC purchased a new position in Impinj during the third quarter valued at approximately $8,334,000. BNP Paribas Arbitrage SNC increased its holdings in Impinj by 250.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 30,420 shares of the company’s stock valued at $2,435,000 after buying an additional 21,751 shares during the period. Finally, Neuberger Berman Group LLC increased its holdings in Impinj by 18.1% during the third quarter. Neuberger Berman Group LLC now owns 96,849 shares of the company’s stock valued at $7,751,000 after buying an additional 14,811 shares during the period. Institutional investors own 97.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Impinj from $111.00 to $142.00 and gave the company a “buy” rating in a report on Friday, February 10th. Lake Street Capital lifted their price target on shares of Impinj from $132.00 to $135.00 in a report on Thursday, February 9th. Jefferies Financial Group lifted their price target on shares of Impinj from $112.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, January 12th. TheStreet raised shares of Impinj from a “d” rating to a “c-” rating in a report on Wednesday, February 8th. Finally, Piper Sandler lifted their price target on shares of Impinj from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.75.

Insider Activity at Impinj

In related news, CRO Jeffrey Dossett sold 598 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $133.13, for a total transaction of $79,611.74. Following the completion of the transaction, the executive now directly owns 47,139 shares in the company, valued at $6,275,615.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Jeffrey Dossett sold 598 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $133.13, for a total transaction of $79,611.74. Following the completion of the transaction, the executive now directly owns 47,139 shares in the company, valued at $6,275,615.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chris Ph.D. Diorio sold 11,692 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $127.72, for a total transaction of $1,493,302.24. Following the transaction, the chief executive officer now owns 281,310 shares of the company’s stock, valued at $35,928,913.20. The disclosure for this sale can be found here. Over the last three months, insiders acquired 88,397 shares of company stock worth $10,952,581 and sold 63,373 shares worth $7,937,341. 20.20% of the stock is currently owned by insiders.

Impinj Price Performance

Shares of PI opened at $128.82 on Friday. The firm has a market capitalization of $3.37 billion, a PE ratio of -134.19, a price-to-earnings-growth ratio of 38.42 and a beta of 2.25. The company has a debt-to-equity ratio of 17.97, a current ratio of 6.49 and a quick ratio of 5.40. Impinj, Inc. has a 1-year low of $39.74 and a 1-year high of $144.90. The company’s fifty day moving average price is $127.68 and its 200-day moving average price is $110.22.

Impinj (NASDAQ:PI – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $76.59 million for the quarter, compared to analyst estimates of $76.20 million. Impinj had a negative net margin of 9.43% and a negative return on equity of 62,026.59%. On average, equities research analysts predict that Impinj, Inc. will post 0.13 EPS for the current year.

Impinj Company Profile

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IImpinj, Inc engages in the development and sale of radio frequency identification solutions. The company was founded by Christopher Diorio in April 2000 and is headquartered in Seattle, WA.