Credit Suisse AG Grows Holdings in Impinj, Inc. (NASDAQ:PI)

Credit Suisse AG boosted its holdings in Impinj, Inc. (NASDAQ:PI – Get Rating) by 22.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,398 shares of the company’s stock after purchasing an additional 3,389 shares during the quarter. Credit Suisse AG owned about 0.07% of Impinj worth $1,472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new position in Impinj during the 1st quarter worth $39,000. Vectors Research Management LLC purchased a new position in Impinj during the 2nd quarter worth $59,000. Great West Life Assurance Co. Can raised its position in Impinj by 31.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,104 shares of the company’s stock worth $88,000 after buying an additional 266 shares during the last quarter. Quantbot Technologies LP purchased a new position in Impinj during the 1st quarter worth $101,000. Finally, Adalta Capital Management LLC purchased a new position in Impinj during the 2nd quarter worth $176,000. Hedge funds and other institutional investors own 97.32% of the company’s stock.

Impinj Price Performance

Shares of NASDAQ PI opened at $134.21 on Wednesday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of -139.80, a PEG ratio of 42.81 and a beta of 2.25. Impinj, Inc. has a 52 week low of $39.74 and a 52 week high of $144.90. The company’s 50-day moving average price is $124.62 and its 200 day moving average price is $108.67. The company has a current ratio of 6.49, a quick ratio of 5.40 and a debt-to-equity ratio of 17.97.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of recent analyst reports. Lake Street Capital upped their price target on shares of Impinj from $132.00 to $135.00 in a research note on Thursday, February 9th. Needham & Company LLC upped their price target on shares of Impinj from $130.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. The Goldman Sachs Group upped their price target on shares of Impinj from $111.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, February 10th. Jefferies Financial Group upped their price target on shares of Impinj from $112.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, January 12th. Finally, Canaccord Genuity Group upped their price target on shares of Impinj from $140.00 to $155.00 and gave the stock 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.75.

Insider Activity at Impinj

In other Impinj news, COO Hussein Mecklai sold 250 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $133.09, for a total transaction of $33,272.50. Following the sale, the chief operating officer now directly owns 22,487 shares of the company’s stock, valued at approximately $2,992,794.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Impinj news, CRO Jeffrey Dossett sold 598 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $133.13, for a total transaction of $79,611.74. Following the sale, the executive now directly owns 47,139 shares of the company’s stock, valued at approximately $6,275,615.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Hussein Mecklai sold 250 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $133.09, for a total transaction of $33,272.50. Following the sale, the chief operating officer now directly owns 22,487 shares in the company, valued at $2,992,794.83. The disclosure for this sale can be found here. In the last three months, insiders have acquired 88,397 shares of company stock valued at $10,952,581 and have sold 65,516 shares valued at $8,172,645. 20.20% of the stock is owned by corporate insiders.

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.