Insider Selling: IMPINJ Inc (NASDAQ:PI) CEO Sells $332,595.00 in Stock

IMPINJ Inc (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 9,500 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $35.01, for a total value of $332,595.00. Following the transaction, the chief executive officer now directly owns 205,478 shares in the company, valued at approximately $7,193,784.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, September 17th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $35.00, for a total value of $350,000.00.
  • On Monday, September 9th, Chris Ph.D. Diorio sold 500 shares of IMPINJ stock. The shares were sold at an average price of $35.22, for a total value of $17,610.00.
  • On Friday, September 6th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $35.50, for a total value of $355,000.00.

Shares of PI opened at $34.23 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.21 and a current ratio of 5.90. The stock has a market capitalization of $813.21 million, a price-to-earnings ratio of -50.34 and a beta of 2.67. The stock’s 50-day simple moving average is $32.26 and its 200 day simple moving average is $31.63. IMPINJ Inc has a 52-week low of $13.25 and a 52-week high of $40.24.

IMPINJ (NASDAQ:PI) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.10. IMPINJ had a negative return on equity of 1.81% and a negative net margin of 14.52%. The firm had revenue of $40.76 million for the quarter, compared to analyst estimates of $38.21 million. During the same period in the prior year, the company earned ($0.05) EPS. The company’s revenue was up 18.5% on a year-over-year basis. On average, research analysts forecast that IMPINJ Inc will post -0.74 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hussman Strategic Advisors Inc. bought a new position in IMPINJ during the 3rd quarter worth approximately $31,000. Oppenheimer Asset Management Inc. bought a new position in IMPINJ during the 2nd quarter worth approximately $34,000. Bank of Montreal Can bought a new position in IMPINJ during the 2nd quarter worth approximately $36,000. Tower Research Capital LLC TRC bought a new position in IMPINJ during the 3rd quarter worth approximately $61,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in IMPINJ by 215.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,169 shares of the company’s stock worth $64,000 after acquiring an additional 1,482 shares during the last quarter. Institutional investors and hedge funds own 69.37% of the company’s stock.

A number of brokerages recently issued reports on PI. Piper Jaffray Companies increased their price objective on IMPINJ from $32.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Canaccord Genuity reissued a “buy” rating and set a $42.00 price objective (up previously from $39.00) on shares of IMPINJ in a report on Friday, August 16th. Zacks Investment Research raised IMPINJ from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, October 9th. ValuEngine raised IMPINJ from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, BidaskClub raised IMPINJ from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $38.75.

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

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