UBS Group AG Has $9.42 Million Holdings in Impinj, Inc. (NASDAQ:PI)

UBS Group AG lowered its stake in Impinj, Inc. (NASDAQ:PI – Get Rating) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,268 shares of the company’s stock after selling 2,503 shares during the period. UBS Group AG owned approximately 0.33% of Impinj worth $9,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of Impinj during the 4th quarter worth about $32,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Impinj by 671.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 540 shares of the company’s stock worth $59,000 after purchasing an additional 470 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Impinj during the 1st quarter worth about $39,000. Great West Life Assurance Co. Can lifted its position in shares of Impinj by 31.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,104 shares of the company’s stock worth $88,000 after purchasing an additional 266 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Impinj during the 1st quarter worth about $101,000. Institutional investors and hedge funds own 97.32% of the company’s stock.

Insider Buying and Selling

In other Impinj news, Director Steve Sanghi purchased 16,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were acquired at an average cost of $119.70 per share, for a total transaction of $1,998,990.00. Following the transaction, the director now directly owns 16,700 shares in the company, valued at $1,998,990. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Impinj news, CRO Jeffrey Dossett sold 3,500 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $135.12, for a total transaction of $472,920.00. Following the transaction, the executive now owns 48,138 shares of the company’s stock, valued at approximately $6,504,406.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steve Sanghi acquired 16,700 shares of Impinj stock in a transaction on Thursday, February 23rd. The shares were purchased at an average cost of $119.70 per share, for a total transaction of $1,998,990.00. Following the acquisition, the director now owns 16,700 shares in the company, valued at approximately $1,998,990. The disclosure for this purchase can be found here. Insiders have sold a total of 54,092 shares of company stock worth $6,807,168 in the last three months. Insiders own 17.10% of the company’s stock.

Impinj Trading Down 0.5 %

PI stock opened at $98.16 on Wednesday. Impinj, Inc. has a 1-year low of $41.49 and a 1-year high of $144.90. The firm has a market cap of $2.62 billion, a P/E ratio of -137.68 and a beta of 2.23. The business’s 50 day moving average is $118.60 and its 200-day moving average is $120.06. The company has a current ratio of 5.59, a quick ratio of 4.02 and a debt-to-equity ratio of 10.54.

Impinj (NASDAQ:PI – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Impinj had a negative net margin of 6.26% and a negative return on equity of 105.37%. The company had revenue of $85.90 million during the quarter, compared to the consensus estimate of $83.50 million. Equities analysts anticipate that Impinj, Inc. will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PI has been the subject of several research analyst reports. Piper Sandler cut their price objective on Impinj from $140.00 to $130.00 in a research report on Thursday, April 27th. Needham & Company LLC lowered their price target on Impinj from $151.00 to $145.00 in a research note on Thursday, April 27th. TheStreet lowered Impinj from a “c-” rating to a “d+” rating in a research note on Monday, May 8th. Canaccord Genuity Group boosted their price target on Impinj from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Finally, Lake Street Capital boosted their price target on Impinj from $132.00 to $135.00 in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.00.

Impinj 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.