Cathal G. Phelan Sells 841 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) insider Cathal G. Phelan sold 841 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $126.83, for a total transaction of $106,664.03. Following the sale, the insider now directly owns 25,801 shares of the company’s stock, valued at approximately $3,272,340.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Impinj Price Performance

NASDAQ:PI opened at $127.42 on Thursday. The firm’s fifty day moving average is $109.22 and its 200-day moving average is $84.74. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. Impinj, Inc. has a 52 week low of $48.39 and a 52 week high of $142.70.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Impinj by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 174,037 shares of the company’s stock valued at $9,577,000 after buying an additional 8,038 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Impinj in the third quarter valued at $320,000. FMR LLC lifted its stake in shares of Impinj by 0.8% in the third quarter. FMR LLC now owns 4,028,894 shares of the company’s stock valued at $221,710,000 after buying an additional 31,289 shares in the last quarter. Toronado Partners LLC lifted its stake in shares of Impinj by 8.8% in the third quarter. Toronado Partners LLC now owns 355,825 shares of the company’s stock valued at $19,581,000 after buying an additional 28,700 shares in the last quarter. Finally, AWM Investment Company Inc. lifted its stake in shares of Impinj by 9.5% in the third quarter. AWM Investment Company Inc. now owns 365,428 shares of the company’s stock valued at $20,110,000 after buying an additional 31,556 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Susquehanna upped their price objective on shares of Impinj from $115.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. StockNews.com upgraded shares of Impinj to a “sell” rating in a research report on Friday, February 9th. Canaccord Genuity Group upped their price objective on shares of Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Needham & Company LLC upped their price objective on shares of Impinj from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Impinj from $89.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $114.38.

Impinj Company Profile

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.