IMPINJ Inc (PI) Director Clinton Bybee Buys 4,000 Shares of Stock
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.
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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