IMPINJ Inc (NASDAQ:PI) Director Gregory Sessler sold 5,828 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.20, for a total value of $187,661.60. Following the completion of the transaction, the director now directly owns 23,864 shares in the company, valued at $768,420.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PI stock traded up $0.28 during trading on Wednesday, reaching $32.54. 255,545 shares of the stock were exchanged, compared to its average volume of 317,104. The firm’s 50 day moving average is $36.45 and its 200 day moving average is $27.07. IMPINJ Inc has a twelve month low of $13.25 and a twelve month high of $40.24. The company has a current ratio of 5.95, a quick ratio of 4.08 and a debt-to-equity ratio of 0.44. The firm has a market cap of $732.01 million, a P/E ratio of -47.85 and a beta of 2.71.

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

Several brokerages have recently commented on PI. Piper Jaffray Companies raised their price objective on shares of IMPINJ from $32.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Dougherty & Co upgraded shares of IMPINJ from a “neutral” rating to a “buy” rating in a research report on Monday, July 1st. TheStreet upgraded shares of IMPINJ from a “d” rating to a “c-” rating in a research report on Tuesday, July 30th. Roth Capital increased their target price on shares of IMPINJ from $31.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Zacks Investment Research cut shares of IMPINJ from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $40.00.

Several large investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in IMPINJ by 5.3% in the 4th quarter. Bank of America Corp DE now owns 14,086 shares of the company’s stock valued at $205,000 after purchasing an additional 711 shares during the period. BNP Paribas Arbitrage SA raised its holdings in IMPINJ by 48,471.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,400 shares of the company’s stock worth $57,000 after buying an additional 3,393 shares during the last quarter. Quantamental Technologies LLC acquired a new position in IMPINJ during the first quarter worth $48,000. Spark Investment Management LLC bought a new position in shares of IMPINJ in the first quarter valued at $790,000. Finally, Ironwood Investment Management LLC lifted its stake in shares of IMPINJ by 5.7% in the first quarter. Ironwood Investment Management LLC now owns 31,631 shares of the company’s stock valued at $530,000 after buying an additional 1,694 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

About IMPINJ

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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