Impinj, Inc. (NASDAQ:PI) CRO Sells $59,112.60 in Stock

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 498 shares of Impinj stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $118.70, for a total transaction of $59,112.60. Following the sale, the executive now owns 60,850 shares of the company’s stock, valued at $7,222,895. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 stock was 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 stock was 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 Price Performance

PI stock traded down $0.23 during mid-day trading on Wednesday, reaching $121.16. The company’s stock had a trading volume of 212,150 shares, compared to its average volume of 367,482. 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 fifty-two week low of $48.39 and a fifty-two week high of $142.70. The company’s 50 day moving average is $115.60 and its two-hundred day moving average is $91.31.

Impinj (NASDAQ:PI) last released 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 during the quarter, compared to the consensus estimate of $67.10 million. On average, sell-side analysts expect that Impinj, Inc. will post -0.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Impinj to a “sell” rating in a research report on Friday, February 9th. Susquehanna upped their price target 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. Canaccord Genuity Group upped their price target 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. The Goldman Sachs Group upped their price target 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. Finally, Roth Mkm upped their price target 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. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $119.44.

Institutional Trading of Impinj

Several hedge funds have recently made changes to their positions in PI. Raymond James & Associates grew its stake in shares of Impinj by 3.3% in the 1st quarter. Raymond James & Associates now owns 17,095 shares of the company’s stock valued at $1,086,000 after buying an additional 540 shares during the period. HighTower Advisors LLC boosted its position in shares of Impinj by 21.7% during the 1st quarter. HighTower Advisors LLC now owns 7,326 shares of the company’s stock worth $466,000 after purchasing an additional 1,305 shares during the period. MetLife Investment Management LLC boosted its position in shares of Impinj by 55.2% during the 1st quarter. MetLife Investment Management LLC now owns 10,123 shares of the company’s stock worth $643,000 after purchasing an additional 3,601 shares during the period. Rhumbline Advisers boosted its position in shares of Impinj by 2.7% during the 1st quarter. Rhumbline Advisers now owns 19,620 shares of the company’s stock worth $1,247,000 after purchasing an additional 516 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Impinj by 1.5% during the 1st quarter. BlackRock Inc. now owns 1,412,629 shares of the company’s stock worth $89,758,000 after purchasing an additional 20,404 shares during the period.

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.