Impinj, Inc. (NASDAQ:PI) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC raised its holdings in Impinj, Inc. (NASDAQ:PIGet Rating) by 5.5% in the 1st quarter, HoldingsChannel reports. The fund owned 45,067 shares of the company’s stock after acquiring an additional 2,347 shares during the period. Calamos Advisors LLC’s holdings in Impinj were worth $2,864,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PI. Russell Investments Group Ltd. purchased a new stake in shares of Impinj during the 4th quarter valued at $2,543,000. Strs Ohio purchased a new stake in shares of Impinj during the 4th quarter valued at $266,000. Brown Advisory Inc. purchased a new stake in shares of Impinj during the 4th quarter valued at $670,000. Shufro Rose & Co. LLC purchased a new stake in shares of Impinj during the 4th quarter valued at $266,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Impinj during the 4th quarter valued at $53,585,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Chris Ph.D. Diorio sold 646 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $47.93, for a total value of $30,962.78. Following the sale, the chief executive officer now owns 314,714 shares in the company, valued at approximately $15,084,242.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CRO Jeffrey Dossett sold 497 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $64.47, for a total transaction of $32,041.59. Following the sale, the executive now owns 52,048 shares in the company, valued at $3,355,534.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Chris Ph.D. Diorio sold 646 shares of the stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $47.93, for a total transaction of $30,962.78. Following the sale, the chief executive officer now owns 314,714 shares in the company, valued at approximately $15,084,242.02. The disclosure for this sale can be found here. Insiders have sold 11,069 shares of company stock worth $606,135 in the last quarter. 20.20% of the stock is owned by corporate insiders.

Impinj Price Performance

Shares of PI stock opened at $70.30 on Monday. Impinj, Inc. has a 12 month low of $39.74 and a 12 month high of $94.39. The firm has a market capitalization of $1.78 billion, a P/E ratio of -33.00 and a beta of 2.10. The company’s fifty day moving average price is $54.72 and its two-hundred day moving average price is $61.02.

Impinj (NASDAQ:PIGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.13. Impinj had a negative net margin of 26.39% and a negative return on equity of 89.38%. The firm had revenue of $53.14 million for the quarter, compared to analyst estimates of $51.13 million. During the same quarter in the previous year, the business posted ($0.30) EPS. On average, sell-side analysts anticipate that Impinj, Inc. will post -1.48 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PI shares. Roth Capital lowered their price objective on shares of Impinj from $95.00 to $76.00 in a research note on Thursday, April 28th. StockNews.com assumed coverage on shares of Impinj in a research report on Thursday, March 31st. They set a “sell” rating for the company. Lake Street Capital decreased their price target on shares of Impinj from $100.00 to $87.00 in a research report on Thursday, April 28th. The Goldman Sachs Group decreased their price target on shares of Impinj from $89.00 to $78.00 in a research report on Friday, July 15th. Finally, Piper Sandler decreased their price target on shares of Impinj from $100.00 to $80.00 in a research report on Wednesday, April 27th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.40.

Impinj Profile

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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.

See Also

Want to see what other hedge funds are holding PI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Impinj, Inc. (NASDAQ:PIGet Rating).

Institutional Ownership by Quarter for Impinj (NASDAQ:PI)

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