Corient Private Wealth LLC Has $385,000 Stock Holdings in Impinj, Inc. (NASDAQ:PI)

Corient Private Wealth LLC lowered its stake in Impinj, Inc. (NASDAQ:PI) by 56.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,652 shares of the company’s stock after selling 3,434 shares during the period. Corient Private Wealth LLC’s holdings in Impinj were worth $385,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of Impinj during the third quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in Impinj during the fourth quarter worth about $33,000. Jones Financial Companies Lllp increased its position in Impinj by 205.9% during the fourth quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares during the period. IFP Advisors Inc raised its stake in Impinj by 116.5% in 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. Finally, Spire Wealth Management bought a new stake in Impinj in the 4th quarter valued at about $87,000.

Insider Buying and Selling

In other news, CFO Cary Baker sold 1,553 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.76, for a total transaction of $153,374.28. Following the transaction, the chief financial officer now directly owns 76,451 shares of the company’s stock, valued at $7,550,300.76. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Chris Ph.D. Diorio sold 841 shares of Impinj stock in a transaction on Monday, January 13th. The shares were sold at an average price of $141.02, for a total transaction of $118,597.82. Following the completion of the sale, the chief executive officer now directly owns 333,856 shares of the company’s stock, valued at approximately $47,080,373.12. The trade was a 0.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,704 shares of company stock valued at $1,925,748 over the last ninety days. 51.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Cantor Fitzgerald raised Impinj to a “strong-buy” rating in a report on Thursday, February 27th. StockNews.com downgraded Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Piper Sandler reduced their price objective on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group decreased their target price on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Finally, Susquehanna cut their price target on shares of Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $183.44.

Impinj Stock Performance

Impinj stock opened at $91.80 on Monday. The firm has a 50 day moving average price of $105.55 and a two-hundred day moving average price of $156.74. Impinj, Inc. has a 52-week low of $84.17 and a 52-week high of $239.88. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 67.50 and a beta of 1.98.

Impinj (NASDAQ:PI) last issued its quarterly 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 return on equity of 7.11% and a net margin of 11.15%. As a group, equities research analysts predict that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Impinj 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.