Impinj, Inc. (NASDAQ:PI) CFO Evan Fein sold 3,300 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.19, for a total value of $83,127.00. Following the transaction, the chief financial officer now directly owns 15,100 shares in the company, valued at $380,369. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Impinj, Inc. (NASDAQ:PI) traded up $0.79 during trading hours on Tuesday, reaching $23.74. The company had a trading volume of 593,386 shares, compared to its average volume of 749,181. Impinj, Inc. has a 1 year low of $19.97 and a 1 year high of $60.85. The company has a current ratio of 7.49, a quick ratio of 4.97 and a debt-to-equity ratio of 0.06.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, November 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm had revenue of $32.60 million for the quarter, compared to analyst estimates of $32.58 million. Impinj had a negative return on equity of 1.15% and a negative net margin of 5.97%. Impinj’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. sell-side analysts anticipate that Impinj, Inc. will post -0.41 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in PI. BNP Paribas Arbitrage SA grew its holdings in Impinj by 1,261.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock worth $102,000 after acquiring an additional 1,942 shares during the period. American International Group Inc. acquired a new position in shares of Impinj in the 1st quarter valued at $112,000. Bronfman E.L. Rothschild L.P. acquired a new position in shares of Impinj in the 3rd quarter valued at $116,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Impinj in the 3rd quarter valued at $128,000. Finally, Turner Investments LLC acquired a new position in shares of Impinj in the 2nd quarter valued at $146,000. 82.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on PI shares. Zacks Investment Research raised Impinj from a “sell” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Wednesday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 target price (down from $45.00) on shares of Impinj in a report on Thursday, November 2nd. Morgan Stanley lowered their target price on Impinj from $37.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Royal Bank Of Canada lowered their target price on Impinj from $50.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Finally, Dougherty & Co lowered their target price on Impinj from $62.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Impinj currently has an average rating of “Hold” and a consensus price target of $36.67.

COPYRIGHT VIOLATION NOTICE: This piece was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/05/insider-selling-impinj-inc-pi-cfo-sells-3300-shares-of-stock.html.

Impinj Company Profile

Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.

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

Receive News & Ratings for Impinj Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impinj Inc. and related companies with MarketBeat.com's FREE daily email newsletter.