Chris Ph.D. Diorio Sells 10,000 Shares of IMPINJ Inc (PI) Stock

IMPINJ Inc (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 10,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the transaction, the chief executive officer now directly owns 325,478 shares of the company’s stock, valued at approximately $6,509,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • 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.

Shares of PI traded up $0.87 during trading hours on Tuesday, hitting $21.35. The company had a trading volume of 380,329 shares, compared to its average volume of 204,032. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.26 and a quick ratio of 3.32. The firm has a market cap of $440.20 million, a PE ratio of -31.40 and a beta of 2.25. IMPINJ Inc has a 52-week low of $11.57 and a 52-week high of $28.48.

IMPINJ (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.05. The firm had revenue of $34.60 million during the quarter, compared to analyst estimates of $32.00 million. IMPINJ had a negative return on equity of 17.42% and a negative net margin of 28.73%. IMPINJ’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.28) EPS. As a group, sell-side analysts anticipate that IMPINJ Inc will post -0.66 EPS for the current year.

A number of large investors have recently modified their holdings of PI. Paloma Partners Management Co purchased a new position in IMPINJ in the 3rd quarter worth about $362,000. MetLife Investment Advisors LLC raised its position in IMPINJ by 56.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 13,413 shares of the company’s stock worth $333,000 after buying an additional 4,852 shares during the last quarter. Virtu Financial LLC purchased a new position in IMPINJ in the 4th quarter worth about $236,000. Rhumbline Advisers raised its position in IMPINJ by 44.4% in the 4th quarter. Rhumbline Advisers now owns 21,755 shares of the company’s stock worth $317,000 after buying an additional 6,684 shares during the last quarter. Finally, LPL Financial LLC raised its position in IMPINJ by 3.3% in the 4th quarter. LPL Financial LLC now owns 25,384 shares of the company’s stock worth $369,000 after buying an additional 808 shares during the last quarter. 65.85% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on PI. BidaskClub raised IMPINJ from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Zacks Investment Research raised IMPINJ from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, January 15th. Dougherty & Co reaffirmed a “neutral” rating on shares of IMPINJ in a research report on Thursday, February 21st. Finally, ValuEngine lowered IMPINJ from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. IMPINJ presently has an average rating of “Buy” and a consensus price target of $24.25.

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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.

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