Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 777 Shares

Impinj, Inc. (NASDAQ:PIGet Rating) CRO Jeffrey Dossett sold 777 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $87.93, for a total value of $68,321.61. Following the sale, the executive now directly owns 46,097 shares of the company’s stock, valued at $4,053,309.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, August 1st, Jeffrey Dossett sold 6,612 shares of Impinj stock. The stock was sold at an average price of $82.62, for a total value of $546,283.44.
  • On Wednesday, July 13th, Jeffrey Dossett sold 497 shares of Impinj stock. The shares were sold at an average price of $64.47, for a total transaction of $32,041.59.
  • On Tuesday, July 5th, Jeffrey Dossett sold 1,500 shares of Impinj stock. The stock was sold at an average price of $60.00, for a total transaction of $90,000.00.
  • On Friday, July 1st, Jeffrey Dossett sold 500 shares of Impinj stock. The stock was sold at an average price of $57.90, for a total transaction of $28,950.00.

Impinj Stock Up 2.9 %

PI opened at $92.00 on Tuesday. The company has a 50 day moving average of $85.81 and a two-hundred day moving average of $64.99. Impinj, Inc. has a 52-week low of $39.74 and a 52-week high of $99.00. The company has a market cap of $2.36 billion, a P/E ratio of -41.63 and a beta of 2.19.

Impinj (NASDAQ:PIGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.11. The company had revenue of $59.80 million for the quarter, compared to analyst estimates of $55.12 million. Impinj had a negative return on equity of 236.49% and a negative net margin of 26.07%. The firm’s revenue was up 26.4% compared to the same quarter last year. During the same period last year, the company posted ($0.33) earnings per share. Research analysts anticipate that Impinj, Inc. will post -0.99 earnings per share for the current year.

Hedge Funds Weigh In On Impinj

Institutional investors and hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC boosted its position in Impinj by 193.1% in the 2nd quarter. Verition Fund Management LLC now owns 133,315 shares of the company’s stock valued at $7,822,000 after buying an additional 87,831 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Impinj by 127.9% in the second quarter. Captrust Financial Advisors now owns 9,001 shares of the company’s stock valued at $528,000 after purchasing an additional 5,052 shares during the last quarter. Legal & General Group Plc grew its stake in Impinj by 18.6% during the 2nd quarter. Legal & General Group Plc now owns 7,783 shares of the company’s stock valued at $457,000 after purchasing an additional 1,222 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Impinj by 6.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 103,789 shares of the company’s stock valued at $6,090,000 after purchasing an additional 6,423 shares in the last quarter. Finally, Adalta Capital Management LLC purchased a new position in shares of Impinj during the 2nd quarter valued at approximately $176,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of Impinj from $78.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Lake Street Capital raised their price target on Impinj from $87.00 to $94.00 in a research note on Thursday, July 28th. Piper Sandler upped their price objective on shares of Impinj from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Finally, Needham & Company LLC raised their target price on shares of Impinj from $96.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.80.

Impinj Company 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.

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

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