Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 7,500 Shares

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 7,500 shares of Impinj stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.17, for a total transaction of $1,358,775.00. Following the transaction, the executive now owns 65,294 shares in the company, valued at approximately $11,829,313.98. This trade represents a 10.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jeffrey Dossett also recently made the following trade(s):

• On Monday, October 14th, Jeffrey Dossett sold 488 shares of Impinj stock. The stock was sold at an average price of $237.84, for a total value of $116,065.92.
• On Tuesday, September 24th, Jeffrey Dossett sold 577 shares of Impinj stock. The shares were sold at an average price of $209.20, for a total value of $120,708.40.

Impinj Stock Performance

Shares of Impinj stock opened at $176.51 on Friday. The stock has a market capitalization of $4.99 billion, a PE ratio of 198.33 and a beta of 1.81. Impinj, Inc. has a 52 week low of $78.17 and a 52 week high of $239.88. The stock has a 50 day moving average price of $205.34 and a two-hundred day moving average price of $175.74.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The business had revenue of $95.20 million during the quarter, compared to analyst estimates of $92.86 million. During the same quarter in the previous year, the business posted ($0.36) EPS. Impinj’s quarterly revenue was up 46.5% on a year-over-year basis. Research analysts forecast that Impinj, Inc. will post 0.4 EPS for the current year.

Institutional Investors Weigh In On Impinj

Institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI purchased a new stake in Impinj in the 3rd quarter valued at $30,000. Farther Finance Advisors LLC raised its holdings in shares of Impinj by 1,084.6% in the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Impinj during the third quarter valued at about $54,000. SouthState Corp bought a new position in shares of Impinj during the second quarter valued at about $94,000. Finally, nVerses Capital LLC boosted its holdings in Impinj by 75.0% during the second quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $110,000 after purchasing an additional 300 shares during the last quarter.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of recent analyst reports. Susquehanna lifted their price objective on Impinj from $215.00 to $260.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. The Goldman Sachs Group boosted their price target on shares of Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Needham & Company LLC increased their price objective on shares of Impinj from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Roth Mkm boosted their target price on shares of Impinj from $145.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Cantor Fitzgerald increased their price target on Impinj from $205.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.60.

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.