Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 7,500 Shares of Stock

Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett sold 7,500 shares of Impinj stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.17, for a total value of $1,358,775.00. Following the transaction, the executive now directly owns 65,294 shares of the company’s stock, valued at $11,829,313.98. The trade was a 10.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 14th, Jeffrey Dossett sold 488 shares of Impinj stock. The shares were sold at an average price of $237.84, for a total value of $116,065.92.
• On Tuesday, September 24th, Jeffrey Dossett sold 577 shares of Impinj stock. The stock was sold at an average price of $209.20, for a total value of $120,708.40.

Impinj Stock Down 1.2 %

Shares of NASDAQ PI traded down $2.17 during trading on Friday, reaching $180.56. The company had a trading volume of 24,288 shares, compared to its average volume of 471,648. Impinj, Inc. has a 12-month low of $78.17 and a 12-month high of $239.88. The business’s 50-day moving average is $204.99 and its 200 day moving average is $175.70. The stock has a market cap of $5.11 billion, a PE ratio of 205.31 and a beta of 1.81.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The business had revenue of $95.20 million during the quarter, compared to analyst estimates of $92.86 million. During the same quarter last year, the company earned ($0.36) EPS. The company’s quarterly revenue was up 46.5% compared to the same quarter last year. On average, analysts anticipate that Impinj, Inc. will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on PI. Piper Sandler reissued an “overweight” rating and set a $235.00 price objective (up previously from $225.00) on shares of Impinj in a report on Thursday, October 24th. Susquehanna boosted their price objective on shares of Impinj from $215.00 to $260.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Lake Street Capital boosted their price target on shares of Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Cantor Fitzgerald boosted their price objective on shares of Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.60.

Institutional Trading of Impinj

Hedge funds and other institutional investors have recently modified their holdings of the company. First Bank & Trust raised its holdings in shares of Impinj by 3.2% during the 3rd quarter. First Bank & Trust now owns 1,768 shares of the company’s stock worth $383,000 after acquiring an additional 55 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after purchasing an additional 141 shares during the period. KBC Group NV raised its position in Impinj by 29.7% during the 3rd quarter. KBC Group NV now owns 681 shares of the company’s stock valued at $147,000 after purchasing an additional 156 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Impinj by 7.3% during the 2nd quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock worth $432,000 after buying an additional 190 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Impinj by 0.8% during the second quarter. Rhumbline Advisers now owns 32,900 shares of the company’s stock valued at $5,158,000 after buying an additional 248 shares during the period.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects 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.