Jeffrey Dossett Sells 3,500 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI – Get Rating) CRO Jeffrey Dossett sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $133.12, for a total value of $465,920.00. Following the completion of the sale, the executive now owns 48,283 shares in the company, valued at approximately $6,427,432.96. 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, February 27th, Jeffrey Dossett sold 5,143 shares of Impinj stock. The stock was sold at an average price of $127.72, for a total value of $656,863.96.
• On Friday, February 10th, Jeffrey Dossett sold 3,500 shares of Impinj stock. The stock was sold at an average price of $122.26, for a total value of $427,910.00.
• On Wednesday, February 1st, Jeffrey Dossett sold 598 shares of Impinj stock. The stock was sold at an average price of $133.13, for a total value of $79,611.74.
• On Friday, January 13th, Jeffrey Dossett sold 563 shares of Impinj stock. The stock was sold at an average price of $120.56, for a total value of $67,875.28.
• On Tuesday, January 3rd, Jeffrey Dossett sold 2,000 shares of Impinj stock. The stock was sold at an average price of $110.81, for a total value of $221,620.00.
• On Friday, December 16th, Jeffrey Dossett sold 734 shares of Impinj stock. The shares were sold at an average price of $109.79, for a total value of $80,585.86.

Impinj Price Performance

NASDAQ PI opened at $139.12 on Friday. The business’s fifty day moving average price is $123.55 and its 200-day moving average price is $107.93. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of -144.92, a PEG ratio of 40.64 and a beta of 2.25. The company has a debt-to-equity ratio of 17.97, a current ratio of 6.49 and a quick ratio of 5.40. Impinj, Inc. has a 1-year low of $39.74 and a 1-year high of $142.78.

Analyst Ratings Changes

Several brokerages have commented on PI. The Goldman Sachs Group increased their target price on Impinj from $111.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, February 10th. Needham & Company LLC increased their target price on Impinj from $130.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Lake Street Capital increased their target price on Impinj from $132.00 to $135.00 in a research note on Thursday, February 9th. Piper Sandler increased their target price on Impinj from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, January 27th. Finally, Canaccord Genuity Group increased their target price on Impinj from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Impinj currently has an average rating of “Moderate Buy” and an average target price of $129.75.

Hedge Funds Weigh In On Impinj

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in Impinj in the 3rd quarter worth $1,372,000. Jump Financial LLC bought a new stake in Impinj during the third quarter valued at about $1,928,000. Verition Fund Management LLC raised its holdings in Impinj by 82.7% during the third quarter. Verition Fund Management LLC now owns 243,577 shares of the company’s stock valued at $19,493,000 after acquiring an additional 110,262 shares during the period. Essex Investment Management Co. LLC raised its holdings in Impinj by 3.5% during the second quarter. Essex Investment Management Co. LLC now owns 44,058 shares of the company’s stock valued at $2,585,000 after acquiring an additional 1,491 shares during the period. Finally, Royce & Associates LP raised its holdings in Impinj by 4.2% during the third quarter. Royce & Associates LP now owns 148,500 shares of the company’s stock valued at $11,884,000 after acquiring an additional 6,000 shares during the period. 97.32% of the stock is owned by institutional investors.

Impinj Company Profile

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IImpinj, Inc engages in the development and sale of radio frequency identification solutions. The company was founded by Christopher Diorio in April 2000 and is headquartered in Seattle, WA.