Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 498 Shares

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 498 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $118.70, for a total transaction of $59,112.60. Following the completion of the transaction, the executive now owns 60,850 shares in the company, valued at $7,222,895. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, March 25th, Jeffrey Dossett sold 1,208 shares of Impinj stock. The shares were sold at an average price of $126.95, for a total transaction of $153,355.60.
• On Monday, March 18th, Jeffrey Dossett sold 3,732 shares of Impinj stock. The shares were sold at an average price of $122.62, for a total transaction of $457,617.84.
• On Friday, March 15th, Jeffrey Dossett sold 3,000 shares of Impinj stock. The shares were sold at an average price of $121.72, for a total transaction of $365,160.00.
• On Friday, February 23rd, Jeffrey Dossett sold 4,858 shares of Impinj stock. The stock was sold at an average price of $101.11, for a total transaction of $491,192.38.

Impinj Stock Performance

PI stock opened at $116.32 on Friday. The company has a debt-to-equity ratio of 8.26, a current ratio of 8.73 and a quick ratio of 5.59. Impinj, Inc. has a 12 month low of $48.39 and a 12 month high of $141.68. The firm has a 50-day moving average price of $116.30 and a 200-day moving average price of $92.16.

Impinj (NASDAQ:PI) last posted its earnings results on Thursday, February 8th. The company reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.11. The firm had revenue of $70.65 million during the quarter, compared to analysts’ expectations of $67.10 million. Impinj had a negative net margin of 14.10% and a negative return on equity of 74.70%. Research analysts expect that Impinj, Inc. will post -0.62 EPS for the current year.

Analyst Upgrades and Downgrades

PI has been the subject of several recent analyst reports. 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. 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. Roth Mkm upped their price objective on shares of Impinj from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Evercore ISI initiated coverage on shares of Impinj in a research report on Tuesday. They set an “outperform” rating and a $160.00 price objective for the company. Finally, 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. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Impinj presently has an average rating of “Moderate Buy” and a consensus price target of $119.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings in Impinj by 4.8% in the 3rd 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 during the last quarter. Aigen Investment Management LP bought a new position in Impinj in the 3rd quarter valued at approximately $320,000. FMR LLC increased its position in Impinj by 0.8% during the 3rd quarter. FMR LLC now owns 4,028,894 shares of the company’s stock valued at $221,710,000 after purchasing an additional 31,289 shares during the period. AWM Investment Company Inc. increased its position in Impinj by 9.5% during the 3rd quarter. AWM Investment Company Inc. now owns 365,428 shares of the company’s stock valued at $20,110,000 after purchasing an additional 31,556 shares during the period. Finally, Toronado Partners LLC increased its position in Impinj by 8.8% during the 3rd quarter. Toronado Partners LLC now owns 355,825 shares of the company’s stock valued at $19,581,000 after purchasing an additional 28,700 shares during the period.

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.