Jeffrey Dossett Buys 8,000 Shares of IMPINJ Inc (PI) Stock

IMPINJ Inc (NASDAQ:PI) EVP Jeffrey Dossett bought 8,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was bought at an average price of $12.75 per share, for a total transaction of $102,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of IMPINJ Inc (NASDAQ:PI) traded up $0.09 during trading on Thursday, reaching $12.15. The company had a trading volume of 1,653,600 shares, compared to its average volume of 1,345,254. The company has a market capitalization of $252.83, a price-to-earnings ratio of -15.12 and a beta of -1.69. IMPINJ Inc has a 1-year low of $9.95 and a 1-year high of $60.85. The company has a quick ratio of 4.97, a current ratio of 7.49 and a debt-to-equity ratio of 0.06.

IMPINJ (NASDAQ:PI) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.09). The business had revenue of $26.90 million for the quarter, compared to the consensus estimate of $29.50 million. IMPINJ had a negative return on equity of 5.93% and a negative net margin of 13.82%. The business’s revenue was down 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. research analysts anticipate that IMPINJ Inc will post -1.21 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of PI. Schwab Charles Investment Management Inc. lifted its holdings in IMPINJ by 216.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 30,100 shares of the company’s stock worth $1,465,000 after acquiring an additional 20,600 shares during the period. Wells Fargo & Company MN increased its position in IMPINJ by 137.8% in the second quarter. Wells Fargo & Company MN now owns 17,098 shares of the company’s stock worth $832,000 after buying an additional 9,909 shares during the last quarter. Teachers Advisors LLC increased its position in IMPINJ by 174.2% in the second quarter. Teachers Advisors LLC now owns 32,599 shares of the company’s stock worth $1,586,000 after buying an additional 20,709 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in IMPINJ by 177.6% in the second quarter. TIAA CREF Investment Management LLC now owns 48,658 shares of the company’s stock worth $2,367,000 after buying an additional 31,133 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in IMPINJ in the second quarter worth $1,228,000. Institutional investors and hedge funds own 74.84% of the company’s stock.

A number of research analysts have recently weighed in on the company. Canaccord Genuity restated a “hold” rating on shares of IMPINJ in a report on Friday, February 16th. Piper Jaffray Companies upgraded IMPINJ from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 6th. Morgan Stanley dropped their target price on IMPINJ from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, February 5th. Dougherty & Co lowered IMPINJ from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC lowered IMPINJ from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.29.

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About IMPINJ

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)

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