Insider Selling: IMPINJ Inc (NASDAQ:PI) COO Sells $117,495.00 in Stock

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IMPINJ Inc (NASDAQ:PI) COO Eric Brodersen sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $33.57, for a total value of $117,495.00. Following the transaction, the chief operating officer now directly owns 22,600 shares in the company, valued at $758,682. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eric Brodersen also recently made the following trade(s):

  • On Thursday, August 8th, Eric Brodersen sold 7,000 shares of IMPINJ stock. The stock was sold at an average price of $37.05, for a total value of $259,350.00.
  • On Friday, July 26th, Eric Brodersen sold 15,000 shares of IMPINJ stock. The stock was sold at an average price of $36.17, for a total value of $542,550.00.

PI opened at $33.46 on Friday. The firm has a market cap of $767.84 million, a P/E ratio of -49.21 and a beta of 2.71. IMPINJ Inc has a 52-week low of $13.25 and a 52-week high of $40.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.08 and a current ratio of 5.95. The business’s fifty day moving average is $36.04 and its 200-day moving average is $27.70.

IMPINJ (NASDAQ:PI) last released its earnings results on Monday, July 29th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.12. The company had revenue of $38.19 million for the quarter, compared to analyst estimates of $34.95 million. IMPINJ had a negative return on equity of 7.65% and a negative net margin of 17.31%. IMPINJ’s quarterly revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.19) EPS. On average, research analysts predict that IMPINJ Inc will post -0.44 earnings per share for the current fiscal year.

A number of brokerages have commented on PI. Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 price objective (up from $39.00) on shares of IMPINJ in a report on Friday, August 16th. TheStreet raised IMPINJ from a “d” rating to a “c-” rating in a report on Tuesday, July 30th. BidaskClub lowered IMPINJ from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. ValuEngine lowered IMPINJ from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Piper Jaffray Companies upped their price objective on IMPINJ from $32.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $40.00.

Hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new position in IMPINJ in the second quarter valued at about $34,000. Bank of Montreal Can bought a new position in IMPINJ in the second quarter valued at about $36,000. Ladenburg Thalmann Financial Services Inc. raised its position in IMPINJ by 215.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,169 shares of the company’s stock valued at $64,000 after purchasing an additional 1,482 shares during the last quarter. Griffin Asset Management Inc. bought a new position in IMPINJ in the second quarter valued at about $74,000. Finally, BNP Paribas Arbitrage SA raised its position in IMPINJ by 48,471.4% in 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 during the last quarter. Institutional investors and hedge funds own 70.42% of the company’s stock.

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.

See Also: Fundamental Analysis

Insider Buying and Selling by Quarter for IMPINJ (NASDAQ:PI)

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