IMPINJ Inc (NASDAQ:PI) CEO Sells $147,000.00 in Stock

IMPINJ Inc (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 4,200 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $35.00, for a total value of $147,000.00. Following the transaction, the chief executive officer now owns 281,278 shares in the company, valued at $9,844,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Chris Ph.D. Diorio also recently made the following trade(s):

  • On Monday, May 20th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $25.00, for a total value of $250,000.00.
  • On Wednesday, May 15th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $27.29, for a total value of $272,900.00.
  • On Friday, May 17th, Chris Ph.D. Diorio sold 30,000 shares of IMPINJ stock. The shares were sold at an average price of $27.82, for a total value of $834,600.00.
  • On Monday, April 22nd, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $20.00, for a total value of $200,000.00.
  • On Thursday, April 18th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $20.00, for a total value of $200,000.00.

PI stock traded up $1.13 during trading on Friday, reaching $34.92. 222,300 shares of the stock were exchanged, compared to its average volume of 304,084. IMPINJ Inc has a twelve month low of $13.25 and a twelve month high of $35.00. The firm has a market capitalization of $742.56 million, a P/E ratio of -51.35 and a beta of 2.71. The business’s 50 day simple moving average is $27.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.79 and a quick ratio of 3.11.

IMPINJ (NASDAQ:PI) last released its earnings results on Monday, April 29th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.15. IMPINJ had a negative return on equity of 12.32% and a negative net margin of 21.33%. The business had revenue of $33.10 million for the quarter, compared to the consensus estimate of $31.08 million. During the same period last year, the business earned ($0.38) earnings per share. The firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. Equities research analysts expect that IMPINJ Inc will post -0.4 EPS for the current fiscal year.

PI has been the topic of several research analyst reports. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Piper Jaffray Companies raised their price target on Shopify from $149.00 to $216.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Canaccord Genuity raised their price target on IMPINJ from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Dougherty & Co raised IMPINJ from a “neutral” rating to a “buy” rating in a research report on Monday, July 1st. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. IMPINJ currently has a consensus rating of “Buy” and an average price target of $31.25.

Hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its holdings in IMPINJ by 14,485.7% during the fourth quarter. Citigroup Inc. now owns 2,042 shares of the company’s stock valued at $30,000 after purchasing an additional 2,028 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in IMPINJ during the first quarter valued at approximately $48,000. BNP Paribas Arbitrage SA boosted its holdings in IMPINJ by 48,471.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,400 shares of the company’s stock valued at $57,000 after purchasing an additional 3,393 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in IMPINJ by 363.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,186 shares of the company’s stock valued at $90,000 after purchasing an additional 4,852 shares in the last quarter. Finally, Rehmann Capital Advisory Group acquired a new stake in IMPINJ during the first quarter valued at approximately $190,000. 65.13% of the stock is currently owned by institutional investors and hedge funds.

IMPINJ Company Profile

Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.

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