IMPINJ Inc (NYSE:PI) CFO Evan Fein sold 9,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $38.00, for a total value of $342,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,300 shares of the company’s stock, valued at $581,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Evan Fein also recently made the following trade(s):

  • On Friday, June 16th, Evan Fein sold 10,000 shares of IMPINJ stock. The stock was sold at an average price of $53.19, for a total value of $531,900.00.

Shares of IMPINJ Inc (NYSE:PI) traded up 1.47% during midday trading on Wednesday, hitting $38.62. The stock had a trading volume of 379,254 shares. The firm’s market cap is $805.61 million. IMPINJ Inc has a 12-month low of $23.55 and a 12-month high of $60.85. The company’s 50-day moving average price is $40.89 and its 200-day moving average price is $39.63.

IMPINJ (NYSE:PI) last released its earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. IMPINJ had a negative net margin of 2.86% and a negative return on equity of 3.11%. The business had revenue of $34.10 million during the quarter, compared to analysts’ expectations of $33.41 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue was up 31.2% on a year-over-year basis. Equities research analysts forecast that IMPINJ Inc will post $0.05 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in PI. BNP Paribas Arbitrage SA lifted its stake in shares of IMPINJ by 1,261.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock valued at $102,000 after buying an additional 1,942 shares during the period. American International Group Inc. bought a new stake in shares of IMPINJ in the first quarter valued at about $112,000. First Washington CORP bought a new stake in shares of IMPINJ in the first quarter valued at about $122,000. Nordea Investment Management AB bought a new stake in shares of IMPINJ in the first quarter valued at about $127,000. Finally, ClariVest Asset Management LLC bought a new stake in shares of IMPINJ in the first quarter valued at about $127,000.

A number of equities analysts have recently weighed in on PI shares. Canaccord Genuity reissued a “buy” rating and issued a $50.00 price target (down from $57.00) on shares of IMPINJ in a report on Friday, August 4th. Needham & Company LLC boosted their price target on IMPINJ from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Dougherty & Co started coverage on IMPINJ in a report on Wednesday, August 23rd. They issued a “buy” rating and a $62.00 price target for the company. Morgan Stanley cut IMPINJ from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $40.00 to $51.00 in a report on Monday, June 19th. Finally, KeyCorp cut IMPINJ to a “hold” rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.63.

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 (NYSE:PI)

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