Insider Selling: IMPINJ Inc (PI) CEO Sells 30,000 Shares of Stock

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IMPINJ Inc (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 30,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $27.82, for a total value of $834,600.00. Following the completion of the transaction, the chief executive officer now directly owns 315,478 shares in the company, valued at approximately $8,776,597.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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 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.

NASDAQ PI opened at $24.65 on Friday. IMPINJ Inc has a twelve month low of $13.25 and a twelve month high of $31.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.11 and a current ratio of 4.79. The company has a market cap of $616.59 million, a price-to-earnings ratio of -36.25 and a beta of 2.81.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlueMountain Capital Management LLC purchased a new position in shares of IMPINJ during the 1st quarter valued at $147,000. Toronado Partners LLC grew its holdings in shares of IMPINJ by 63.4% during the 1st quarter. Toronado Partners LLC now owns 1,009,138 shares of the company’s stock valued at $16,908,000 after acquiring an additional 391,472 shares in the last quarter. Oxford Asset Management LLP grew its holdings in shares of IMPINJ by 17.9% during the 1st quarter. Oxford Asset Management LLP now owns 724,780 shares of the company’s stock valued at $12,144,000 after acquiring an additional 110,041 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of IMPINJ by 425.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 100,406 shares of the company’s stock valued at $1,682,000 after acquiring an additional 81,301 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of IMPINJ by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 183,383 shares of the company’s stock valued at $3,072,000 after acquiring an additional 2,378 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Several equities analysts have weighed in on PI shares. Zacks Investment Research cut shares of IMPINJ from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. BidaskClub upgraded shares of IMPINJ from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 24th. Dougherty & Co reiterated a “neutral” rating on shares of IMPINJ in a research report on Thursday, February 21st. Finally, ValuEngine cut shares of IMPINJ from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $31.25.

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About IMPINJ

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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