Xponance Inc. Has $241,000 Stake in Impinj, Inc. (NASDAQ:PI)

Xponance Inc. raised its position in Impinj, Inc. (NASDAQ:PI) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,660 shares of the company’s stock after acquiring an additional 158 shares during the quarter. Xponance Inc.’s holdings in Impinj were worth $241,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new position in shares of Impinj during the 4th quarter worth approximately $3,341,000. Teachers Retirement System of The State of Kentucky bought a new position in Impinj during the third quarter worth $846,000. Geode Capital Management LLC increased its holdings in shares of Impinj by 1.4% in the third quarter. Geode Capital Management LLC now owns 542,924 shares of the company’s stock valued at $117,576,000 after purchasing an additional 7,676 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Impinj by 85.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,178 shares of the company’s stock valued at $174,000 after purchasing an additional 542 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Impinj by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 193,240 shares of the company’s stock worth $41,840,000 after buying an additional 6,232 shares during the last quarter.

Wall Street Analyst Weigh In

PI has been the topic of a number of research reports. Cantor Fitzgerald upgraded shares of Impinj to a “strong-buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group lowered their target price on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Susquehanna cut their price target on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. StockNews.com downgraded shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Finally, Piper Sandler lowered their price objective on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Impinj has a consensus rating of “Moderate Buy” and an average price target of $183.44.

Impinj Price Performance

Shares of NASDAQ PI opened at $91.80 on Friday. The company has a 50 day simple moving average of $105.55 and a 200 day simple moving average of $157.06. Impinj, Inc. has a 1 year low of $84.17 and a 1 year high of $239.88. The firm has a market cap of $2.62 billion, a PE ratio of 67.50 and a beta of 1.98.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%. As a group, research analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Impinj news, CEO Chris Ph.D. Diorio sold 841 shares of Impinj stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $141.02, for a total value of $118,597.82. Following the completion of the sale, the chief executive officer now directly owns 333,856 shares in the company, valued at approximately $47,080,373.12. The trade was a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Cary Baker sold 1,553 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $98.76, for a total value of $153,374.28. Following the completion of the transaction, the chief financial officer now directly owns 76,451 shares in the company, valued at approximately $7,550,300.76. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,704 shares of company stock valued at $1,925,748 in the last three months. Insiders own 51.00% of the company’s stock.

Impinj 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.