Impinj, Inc. (NASDAQ:PI) Shares Bought by KBC Group NV

KBC Group NV lifted its position in shares of Impinj, Inc. (NASDAQ:PI) by 33.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 909 shares of the company’s stock after purchasing an additional 228 shares during the quarter. KBC Group NV’s holdings in Impinj were worth $132,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI purchased a new stake in Impinj during the third quarter worth $30,000. Farther Finance Advisors LLC boosted its stake in shares of Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after acquiring an additional 141 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Impinj during the 3rd quarter worth about $54,000. Asset Management One Co. Ltd. acquired a new stake in shares of Impinj during the 3rd quarter valued at about $138,000. Finally, USA Financial Formulas increased its stake in shares of Impinj by 82.0% in the 3rd quarter. USA Financial Formulas now owns 657 shares of the company’s stock valued at $142,000 after purchasing an additional 296 shares in the last quarter.

Impinj Trading Down 15.2 %

NASDAQ:PI opened at $107.76 on Friday. The company has a market cap of $3.05 billion, a P/E ratio of 121.08 and a beta of 1.88. Impinj, Inc. has a twelve month low of $97.77 and a twelve month high of $239.88. The company’s 50-day moving average price is $148.65 and its 200-day moving average price is $173.07.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. On average, analysts expect that Impinj, Inc. will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

PI has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Lake Street Capital boosted their price target on shares of Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI reaffirmed an “outperform” rating and set a $270.00 price objective (up from $205.00) on shares of Impinj in a report on Thursday, October 24th. Finally, Needham & Company LLC dropped their target price on shares of Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and an average price target of $180.10.

Insiders Place Their Bets

In related news, major shareholder Sylebra Capital Llc sold 78,616 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $201.79, for a total value of $15,863,922.64. Following the completion of the transaction, the insider now directly owns 2,143,736 shares in the company, valued at approximately $432,584,487.44. This represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Jeffrey Dossett sold 7,500 shares of Impinj stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.17, for a total value of $1,358,775.00. Following the completion of the sale, the executive now owns 65,294 shares in the company, valued at $11,829,313.98. This represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,132 shares of company stock valued at $18,510,291 in the last three months. 51.00% of the stock is currently owned by insiders.

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.