IMPINJ Inc (NYSE:PI) Director Clinton Bybee purchased 4,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $24.43 per share, with a total value of $97,720.00. Following the transaction, the director now directly owns 4,417 shares in the company, valued at $107,907.31. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

IMPINJ Inc (PI) opened at $25.58 on Tuesday. IMPINJ Inc has a 12 month low of $19.97 and a 12 month high of $60.85.

IMPINJ (NYSE:PI) last issued its quarterly earnings results on Wednesday, November 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The business had revenue of $32.60 million during the quarter, compared to the consensus estimate of $32.58 million. IMPINJ had a negative return on equity of 3.11% and a negative net margin of 2.86%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share.

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Several research analysts have commented on the stock. BidaskClub upgraded shares of IMPINJ from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of IMPINJ in a report on Saturday, July 22nd. Zacks Investment Research lowered shares of IMPINJ from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Needham & Company LLC upped their price objective on shares of IMPINJ from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Finally, KeyCorp restated a “hold” rating on shares of IMPINJ in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. IMPINJ has an average rating of “Hold” and a consensus price target of $36.67.

Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of IMPINJ by 1,261.0% in the 2nd 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 in the last quarter. Bronfman E.L. Rothschild L.P. bought a new stake in IMPINJ during the 3rd quarter valued at about $116,000. Turner Investments LLC bought a new stake in IMPINJ during the 2nd quarter valued at about $146,000. PNC Financial Services Group Inc. increased its stake in IMPINJ by 95.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock valued at $176,000 after purchasing an additional 1,765 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in IMPINJ during the 2nd quarter valued at about $178,000.

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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