Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 739 Shares

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 739 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $149.88, for a total transaction of $110,761.32. Following the transaction, the executive now directly owns 61,986 shares in the company, valued at approximately $9,290,461.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, April 26th, Jeffrey Dossett sold 8,000 shares of Impinj stock. The shares were sold at an average price of $145.77, for a total transaction of $1,166,160.00.
• On Monday, April 15th, Jeffrey Dossett sold 498 shares of Impinj stock. The stock was sold at an average price of $118.70, for a total value of $59,112.60.
• 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 value of $153,355.60.

Impinj Price Performance

Shares of PI opened at $147.17 on Wednesday. The company has a 50-day simple moving average of $152.15 and a two-hundred day simple moving average of $119.77. The company has a debt-to-equity ratio of 3.29, a quick ratio of 6.87 and a current ratio of 9.42. Impinj, Inc. has a one year low of $48.39 and a one year high of $175.41.

Impinj (NASDAQ:PI) last released 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 company had revenue of $76.83 million during the quarter, compared to analysts’ expectations of $73.57 million. Impinj had a negative return on equity of 60.13% and a negative net margin of 1.90%. Research analysts anticipate that Impinj, Inc. will post 0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. The Goldman Sachs Group downgraded Impinj from a “buy” rating to a “neutral” rating and set a $156.00 price objective for the company. in a research report on Monday, May 20th. Jefferies Financial Group began coverage on shares of Impinj in a research report on Monday, May 13th. They set a “buy” rating and a $200.00 price target for the company. Piper Sandler restated an “overweight” rating and issued a $150.00 price objective (up previously from $130.00) on shares of Impinj in a research report on Thursday, April 25th. Needham & Company LLC reiterated a “buy” rating and set a $195.00 target price on shares of Impinj in a report on Wednesday, June 5th. Finally, Evercore ISI initiated coverage on Impinj in a report on Tuesday, April 16th. They set an “outperform” rating and a $160.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.10.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Impinj in the 1st quarter worth approximately $334,000. Janus Henderson Group PLC boosted its holdings in Impinj by 0.6% in the first quarter. Janus Henderson Group PLC now owns 439,562 shares of the company’s stock worth $56,376,000 after acquiring an additional 2,681 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Impinj in the first quarter worth $228,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Impinj by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,827 shares of the company’s stock valued at $1,904,000 after acquiring an additional 850 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Impinj by 165.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 5,343 shares of the company’s stock worth $685,000 after purchasing an additional 3,327 shares during the last quarter.

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.