Insider Selling: Impinj, Inc. (PI) CFO Sells 3,300 Shares of Stock
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 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.
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.
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.