Evan Fein Sells 3,300 Shares of Impinj, Inc. (PI) Stock

Impinj, Inc. (NASDAQ:PI) CFO Evan Fein sold 3,300 shares of the company’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 filing with the Securities & Exchange Commission, which is available through this link.

Shares of Impinj, Inc. (PI) traded down $0.43 on Thursday, reaching $23.31. The company’s stock had a trading volume of 378,400 shares, compared to its average volume of 747,603. 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 fifty-two week low of $19.97 and a fifty-two week high of $60.85.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its position in shares of 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 purchasing an additional 1,942 shares in the last quarter. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Impinj during the third quarter worth about $116,000. Turner Investments LLC purchased a new stake in shares of Impinj during the second quarter worth about $146,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Impinj during the third quarter worth about $128,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Impinj by 95.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock worth $176,000 after purchasing an additional 1,765 shares in the last quarter. Institutional investors and hedge funds own 82.95% of the company’s stock.

A number of research analysts have recently issued reports 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. 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. Canaccord Genuity reissued a “buy” rating and issued a $35.00 target price (down previously from $50.00) on shares of Impinj in a report on Thursday, November 2nd. BidaskClub raised Impinj from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Finally, Dougherty & Co reissued a “buy” rating and issued a $62.00 target price on shares of Impinj in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.67.

TRADEMARK VIOLATION NOTICE: “Evan Fein Sells 3,300 Shares of Impinj, Inc. (PI) Stock” was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.tickerreport.com/banking-finance/3080179/evan-fein-sells-3300-shares-of-impinj-inc-pi-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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.