Impinj, Inc. (NASDAQ:PI) Stake Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in Impinj, Inc. (NASDAQ:PI) by 205.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260 shares of the company’s stock after acquiring an additional 175 shares during the period. Jones Financial Companies Lllp’s holdings in Impinj were worth $38,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in shares of Impinj by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the company’s stock worth $1,612,000 after purchasing an additional 100 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Impinj during the 3rd quarter worth about $30,000. KBC Group NV raised its stake in shares of Impinj by 29.7% during the 3rd quarter. KBC Group NV now owns 681 shares of the company’s stock worth $147,000 after purchasing an additional 156 shares in the last quarter. First Bank & Trust raised its stake in shares of Impinj by 9.5% during the 4th quarter. First Bank & Trust now owns 1,936 shares of the company’s stock worth $281,000 after purchasing an additional 168 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Impinj by 116.5% during the 4th quarter. IFP Advisors Inc now owns 368 shares of the company’s stock worth $53,000 after purchasing an additional 198 shares in the last quarter.

Impinj Trading Down 1.4 %

PI opened at $91.46 on Wednesday. The stock has a market cap of $2.61 billion, a PE ratio of 67.25 and a beta of 1.98. Impinj, Inc. has a 1 year low of $84.17 and a 1 year high of $239.88. The stock’s 50 day simple moving average is $113.71 and its 200-day simple moving average is $161.08.

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

Insider Activity at Impinj

In other Impinj news, insider Cathal G. Phelan sold 565 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $98.77, for a total value of $55,805.05. Following the transaction, the insider now owns 7,925 shares of the company’s stock, valued at approximately $782,752.25. The trade was a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Cary Baker sold 499 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total value of $72,883.94. Following the completion of the transaction, the chief financial officer now directly owns 71,107 shares in the company, valued at approximately $10,385,888.42. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,323 shares of company stock valued at $2,454,588 in the last 90 days. 51.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PI has been the topic of a number of analyst reports. Susquehanna lowered their price objective on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a report on Wednesday, January 22nd. Cantor Fitzgerald raised Impinj to a “strong-buy” rating in a report on Thursday, February 27th. Piper Sandler lowered their price objective on Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Finally, Needham & Company LLC lowered their price objective on Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.44.

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.