Impinj, Inc. (NASDAQ:PI) Director Umesh Padval Sells 3,475 Shares

Impinj, Inc. (NASDAQ:PI) Director Umesh Padval sold 3,475 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $151.39, for a total transaction of $526,080.25. Following the completion of the transaction, the director now owns 3,529 shares in the company, valued at $534,255.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Impinj Stock Up 1.2 %

Shares of NASDAQ PI traded up $1.93 during mid-day trading on Tuesday, reaching $159.38. The company had a trading volume of 684,605 shares, compared to its average volume of 428,237. The company has a current ratio of 9.42, a quick ratio of 6.87 and a debt-to-equity ratio of 3.29. The firm has a 50 day simple moving average of $120.33 and a two-hundred day simple moving average of $96.31. The stock has a market cap of $4.42 billion, a P/E ratio of -455.37 and a beta of 2.05. Impinj, Inc. has a 52-week low of $48.39 and a 52-week high of $160.71.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, April 24th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.14. The firm had revenue of $76.83 million for the quarter, compared to the consensus estimate of $73.57 million. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. Sell-side analysts predict that Impinj, Inc. will post -0.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PI. K.J. Harrison & Partners Inc purchased a new position in Impinj during the 4th quarter worth $1,458,000. Charles Schwab Investment Management Inc. grew its position in Impinj by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,037 shares of the company’s stock worth $9,577,000 after purchasing an additional 8,038 shares during the last quarter. Aigen Investment Management LP purchased a new position in Impinj during the 3rd quarter worth $320,000. FMR LLC grew its position in Impinj by 0.8% during the 3rd quarter. FMR LLC now owns 4,028,894 shares of the company’s stock worth $221,710,000 after purchasing an additional 31,289 shares during the last quarter. Finally, Telemus Capital LLC purchased a new position in Impinj during the 4th quarter worth $298,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PI shares. Piper Sandler reiterated an “overweight” rating and set a $150.00 target price (up from $130.00) on shares of Impinj in a report on Thursday, April 25th. Roth Mkm increased their target price on shares of Impinj from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a report on Friday. Susquehanna increased their target price on shares of Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a report on Tuesday, April 23rd. Finally, Needham & Company LLC increased their target price on shares of Impinj from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.89.

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.