Lido Advisors LLC trimmed its holdings in IMPINJ Inc (NASDAQ:PI) by 33.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company’s stock after selling 5,000 shares during the quarter. Lido Advisors LLC’s holdings in IMPINJ were worth $225,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PI. Allianz Asset Management GmbH increased its holdings in shares of IMPINJ by 661.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 775,896 shares of the company’s stock worth $32,285,000 after buying an additional 673,948 shares during the last quarter. Senvest Management LLC acquired a new stake in shares of IMPINJ during the 4th quarter worth approximately $13,371,000. Chevy Chase Trust Holdings Inc. increased its holdings in shares of IMPINJ by 125.4% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 643,979 shares of the company’s stock worth $26,795,000 after buying an additional 358,279 shares during the last quarter. State Street Corp increased its holdings in shares of IMPINJ by 207.6% during the 2nd quarter. State Street Corp now owns 303,827 shares of the company’s stock worth $14,781,000 after buying an additional 205,050 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC acquired a new stake in shares of IMPINJ during the 4th quarter worth approximately $2,056,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Evan Fein sold 5,700 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $25.01, for a total value of $142,557.00. Following the completion of the sale, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at $437,675. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Oppen Peter H. Van purchased 47,773 shares of IMPINJ stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $12.61 per share, with a total value of $602,417.53. Following the completion of the transaction, the director now owns 82,455 shares of the company’s stock, valued at $1,039,757.55. The disclosure for this purchase can be found here. 15.20% of the stock is currently owned by insiders.
A number of brokerages have recently issued reports on PI. BidaskClub upgraded shares of IMPINJ from a “strong sell” rating to a “sell” rating in a report on Thursday, March 1st. Canaccord Genuity restated a “hold” rating on shares of IMPINJ in a report on Friday, February 16th. Piper Jaffray Companies upgraded shares of IMPINJ from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 6th. Morgan Stanley dropped their target price on shares of IMPINJ from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, February 5th. Finally, Dougherty & Co downgraded shares of IMPINJ from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $26.29.
IMPINJ Inc (PI) opened at $13.60 on Friday. The company has a market cap of $284.81, a price-to-earnings ratio of -16.19 and a beta of 1.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.49 and a quick ratio of 4.97. IMPINJ Inc has a 12 month low of $9.95 and a 12 month high of $60.85.
IMPINJ (NASDAQ:PI) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.09). The firm had revenue of $26.90 million for the quarter, compared to analysts’ expectations of $29.50 million. IMPINJ had a negative return on equity of 5.93% and a negative net margin of 13.82%. IMPINJ’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. sell-side analysts forecast that IMPINJ Inc will post -1.37 EPS for the current year.
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.
Want to see what other hedge funds are holding PI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IMPINJ Inc (NASDAQ:PI).
Receive News & Ratings for IMPINJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ and related companies with MarketBeat.com's FREE daily email newsletter.