Jeffrey Dossett Sells 1,091 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PIGet Rating) CRO Jeffrey Dossett sold 1,091 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $50.69, for a total value of $55,302.79. Following the completion of the sale, the executive now owns 52,695 shares in the company, valued at $2,671,109.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, April 13th, Jeffrey Dossett sold 1,930 shares of Impinj stock. The shares were sold at an average price of $52.39, for a total value of $101,112.70.
  • On Friday, April 1st, Jeffrey Dossett sold 1,000 shares of Impinj stock. The shares were sold at an average price of $64.07, for a total value of $64,070.00.
  • On Wednesday, March 16th, Jeffrey Dossett sold 706 shares of Impinj stock. The shares were sold at an average price of $60.68, for a total value of $42,840.08.
  • On Thursday, March 3rd, Jeffrey Dossett sold 1,000 shares of Impinj stock. The shares were sold at an average price of $70.00, for a total value of $70,000.00.
  • On Tuesday, March 1st, Jeffrey Dossett sold 1,000 shares of Impinj stock. The shares were sold at an average price of $68.08, for a total value of $68,080.00.
  • On Monday, February 14th, Jeffrey Dossett sold 7,602 shares of Impinj stock. The stock was sold at an average price of $68.06, for a total value of $517,392.12.
  • On Friday, February 11th, Jeffrey Dossett sold 2,000 shares of Impinj stock. The stock was sold at an average price of $69.36, for a total value of $138,720.00.

Impinj stock opened at $52.39 on Wednesday. The stock’s 50-day moving average is $58.28 and its 200-day moving average is $70.80. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -24.60 and a beta of 2.40. Impinj, Inc. has a 12 month low of $39.69 and a 12 month high of $94.39.

Impinj (NASDAQ:PIGet Rating) last posted its earnings results on Wednesday, April 27th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.58. Impinj had a negative return on equity of 89.38% and a negative net margin of 26.39%. During the same period last year, the company earned ($0.30) earnings per share. Analysts expect that Impinj, Inc. will post -1.76 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Calamos Advisors LLC grew its stake in shares of Impinj by 5.5% in the first quarter. Calamos Advisors LLC now owns 45,067 shares of the company’s stock valued at $2,864,000 after buying an additional 2,347 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in shares of Impinj by 827.4% in the first quarter. Tradewinds Capital Management LLC now owns 6,093 shares of the company’s stock valued at $387,000 after buying an additional 5,436 shares in the last quarter. Truist Financial Corp grew its stake in shares of Impinj by 21.0% in the first quarter. Truist Financial Corp now owns 25,102 shares of the company’s stock valued at $1,595,000 after buying an additional 4,363 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Impinj by 35.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,434 shares of the company’s stock valued at $155,000 after buying an additional 643 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in Impinj during the 1st quarter valued at approximately $565,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Several equities analysts recently weighed in on the company. Needham & Company LLC increased their target price on Impinj from $63.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, January 12th. Roth Capital reduced their target price on Impinj from $95.00 to $76.00 in a research report on Thursday, April 28th. StockNews.com assumed coverage on Impinj in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Canaccord Genuity Group increased their target price on Impinj from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 12th. Finally, Zacks Investment Research upgraded Impinj from a “sell” rating to a “hold” rating in a research report on Friday, March 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $91.45.

Impinj Company Profile (Get Rating)

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual 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.

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Insider Buying and Selling by Quarter for Impinj (NASDAQ:PI)

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