Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio Sells 1,244 Shares of Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 1,244 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $118.67, for a total value of $147,625.48. Following the sale, the chief executive officer now directly owns 286,230 shares in the company, valued at $33,966,914.10. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, March 25th, Chris Ph.D. Diorio sold 2,953 shares of Impinj stock. The stock was sold at an average price of $127.19, for a total value of $375,592.07.
• 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 shares were 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.

Impinj Stock Performance

PI opened at $120.09 on Thursday. Impinj, Inc. has a 12-month low of $48.39 and a 12-month high of $142.70. The company has a debt-to-equity ratio of 8.26, a current ratio of 8.73 and a quick ratio of 5.59. The business’s fifty day simple moving average is $115.86 and its 200-day simple moving average is $91.51.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $67.10 million. As a group, sell-side analysts expect that Impinj, Inc. will post -0.62 EPS for the current year.

Institutional Investors Weigh In On Impinj

Institutional investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new stake in Impinj during the first quarter valued at about $32,000. Advisors Asset Management Inc. bought a new stake in Impinj during the first quarter valued at about $39,000. GAMMA Investing LLC bought a new stake in Impinj during the fourth quarter valued at about $40,000. KBC Group NV bought a new stake in Impinj during the fourth quarter valued at about $47,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Impinj during the third quarter valued at about $55,000.

Analyst Ratings Changes

PI has been the topic of several recent research reports. Canaccord Genuity Group increased their price target on Impinj from $130.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Susquehanna increased their price target on Impinj from $115.00 to $130.00 and gave the company a “positive” rating in a report on Friday, February 9th. Needham & Company LLC increased their target price on Impinj from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Evercore ISI began coverage on Impinj in a research note on Tuesday. They issued an “outperform” rating and a $160.00 target price on the stock. Finally, Roth Mkm increased their target price on Impinj from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.44.

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.