Impinj, Inc. (NASDAQ:PI) CEO Sells $375,592.07 in Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 2,953 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $127.19, for a total value of $375,592.07. Following the transaction, the chief executive officer now owns 284,349 shares of the company’s stock, valued at $36,166,349.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, March 18th, Chris Ph.D. Diorio sold 612 shares of Impinj stock. The stock was sold at an average price of $123.56, for a total value of $75,618.72.
• On Monday, February 26th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The stock was sold at an average price of $105.00, for a total value of $525,000.00.
• On Friday, February 23rd, Chris Ph.D. Diorio sold 16,060 shares of Impinj stock. The shares were sold at an average price of $101.16, for a total value of $1,624,629.60.
• On Tuesday, January 16th, Chris Ph.D. Diorio sold 855 shares of Impinj stock. The shares were sold at an average price of $81.16, for a total value of $69,391.80.

Impinj Price Performance

Impinj stock opened at $128.41 on Friday. The firm has a market capitalization of $3.49 billion, a P/E ratio of -79.26 and a beta of 2.04. Impinj, Inc. has a 1 year low of $48.39 and a 1 year high of $142.70. The business has a 50-day moving average of $109.91 and a 200-day moving average of $85.04. The company has a current ratio of 8.73, a quick ratio of 5.59 and a debt-to-equity ratio of 8.26.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.36) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.11. Impinj had a negative return on equity of 74.70% and a negative net margin of 14.10%. The business had revenue of $70.65 million for the quarter, compared to analysts’ expectations of $67.10 million. On average, equities analysts anticipate that Impinj, Inc. will post -0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com upgraded Impinj to a “sell” rating in a research report on Friday, February 9th. Needham & Company LLC lifted their price objective on Impinj from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Canaccord Genuity Group lifted their price objective on Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Roth Mkm lifted their price objective on Impinj from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Susquehanna lifted their price objective on Impinj from $115.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, Impinj currently has a consensus rating of “Hold” and a consensus price target of $114.38.

Institutional Investors Weigh In On Impinj

Several institutional investors have recently bought and sold shares of the company. Raymond James & Associates raised its stake in shares of Impinj by 3.3% during the 1st quarter. Raymond James & Associates now owns 17,095 shares of the company’s stock worth $1,086,000 after purchasing an additional 540 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Impinj by 21.7% during the 1st quarter. HighTower Advisors LLC now owns 7,326 shares of the company’s stock worth $466,000 after acquiring an additional 1,305 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Impinj by 55.2% during the 1st quarter. MetLife Investment Management LLC now owns 10,123 shares of the company’s stock worth $643,000 after acquiring an additional 3,601 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Impinj by 2.7% during the 1st quarter. Rhumbline Advisers now owns 19,620 shares of the company’s stock worth $1,247,000 after acquiring an additional 516 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Impinj by 1.5% during the 1st quarter. BlackRock Inc. now owns 1,412,629 shares of the company’s stock worth $89,758,000 after acquiring an additional 20,404 shares during the last quarter.

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.