Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 777 Shares of Stock

Impinj, Inc. (NASDAQ:PIGet Rating) CRO Jeffrey Dossett sold 777 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $87.93, for a total value of $68,321.61. Following the sale, the executive now owns 46,097 shares of the company’s stock, valued at approximately $4,053,309.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, August 1st, Jeffrey Dossett sold 6,612 shares of Impinj stock. The shares were sold at an average price of $82.62, for a total transaction of $546,283.44.
  • On Wednesday, July 13th, Jeffrey Dossett sold 497 shares of Impinj stock. The stock was sold at an average price of $64.47, for a total value of $32,041.59.
  • On Tuesday, July 5th, Jeffrey Dossett sold 1,500 shares of Impinj stock. The stock was sold at an average price of $60.00, for a total transaction of $90,000.00.
  • On Friday, July 1st, Jeffrey Dossett sold 500 shares of Impinj stock. The stock was sold at an average price of $57.90, for a total transaction of $28,950.00.

Impinj Stock Performance

NASDAQ PI opened at $92.00 on Tuesday. The stock’s fifty day moving average is $85.81 and its two-hundred day moving average is $64.99. The firm has a market capitalization of $2.36 billion, a P/E ratio of -41.63 and a beta of 2.19. Impinj, Inc. has a fifty-two week low of $39.74 and a fifty-two week high of $99.00.

Impinj (NASDAQ:PIGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.11. Impinj had a negative net margin of 26.07% and a negative return on equity of 236.49%. The firm had revenue of $59.80 million for the quarter, compared to analysts’ expectations of $55.12 million. During the same quarter in the previous year, the company posted ($0.33) EPS. The company’s revenue was up 26.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Impinj, Inc. will post -0.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Piper Sandler upped their price target on Impinj from $80.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Lake Street Capital lifted their target price on shares of Impinj from $87.00 to $94.00 in a research report on Thursday, July 28th. The Goldman Sachs Group lifted their price objective on Impinj from $78.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Needham & Company LLC raised their target price on Impinj from $96.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.80.

Hedge Funds Weigh In On Impinj

Hedge funds have recently made changes to their positions in the stock. Waterfront Wealth Inc. boosted its position in shares of Impinj by 2.8% during the fourth quarter. Waterfront Wealth Inc. now owns 8,616 shares of the company’s stock worth $764,000 after buying an additional 231 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Impinj by 7.9% during the first quarter. Teacher Retirement System of Texas now owns 3,743 shares of the company’s stock worth $238,000 after purchasing an additional 275 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Impinj by 0.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,691 shares of the company’s stock valued at $3,443,000 after purchasing an additional 286 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Impinj by 3.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,016 shares of the company’s stock worth $646,000 after buying an additional 344 shares during the period. Finally, Trustcore Financial Services LLC increased its position in shares of Impinj by 8.9% during the second quarter. Trustcore Financial Services LLC now owns 4,240 shares of the company’s stock worth $249,000 after acquiring an additional 347 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.

About Impinj

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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.

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

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