Sigma Planning Corp Has $431,000 Position in Impinj, Inc. (PI)
Sigma Planning Corp cut its holdings in Impinj, Inc. (NASDAQ:PI) by 37.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,360 shares of the company’s stock after selling 6,238 shares during the quarter. Sigma Planning Corp’s holdings in Impinj were worth $431,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its holdings 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 worth $102,000 after acquiring an additional 1,942 shares during the last quarter. American International Group Inc. acquired a new position in shares of Impinj in the first quarter worth $112,000. Turner Investments LLC acquired a new position in shares of Impinj in the second quarter worth $146,000. PNC Financial Services Group Inc. raised its holdings in shares of Impinj by 95.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock worth $176,000 after acquiring an additional 1,765 shares during the last quarter. Finally, First Mercantile Trust Co. acquired a new position in shares of Impinj in the second quarter worth $178,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.
Shares of Impinj, Inc. (NASDAQ:PI) traded down $0.23 during midday trading on Friday, hitting $25.00. The stock had a trading volume of 66,311 shares, compared to its average volume of 761,178. Impinj, Inc. has a 52 week low of $19.97 and a 52 week high of $60.85. The company has a quick ratio of 4.97, a current ratio of 7.49 and a debt-to-equity ratio of 0.06.
Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, November 1st. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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%. Impinj’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. research analysts anticipate that Impinj, Inc. will post -0.31 EPS for the current fiscal year.
Several equities analysts recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Impinj in a research note on Friday, November 3rd. Zacks Investment Research downgraded Impinj from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Piper Jaffray Companies downgraded Impinj from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 2nd. BidaskClub downgraded Impinj from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Impinj in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $36.67.
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In other Impinj news, COO Eric Brodersen sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $35.74, for a total transaction of $125,090.00. Following the sale, the chief operating officer now owns 101,443 shares in the company, valued at $3,625,572.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Evan Fein sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $38.00, for a total value of $342,000.00. Following the sale, the chief financial officer now owns 15,300 shares in the company, valued at approximately $581,400. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock valued at $1,392,420 in the last three months. 15.20% of the stock is currently owned by company insiders.
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.
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