Impinj, Inc. $PI Shares Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lifted its holdings in Impinj, Inc. (NASDAQ:PI) by 11.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,351 shares of the company’s stock after purchasing an additional 3,716 shares during the quarter. Impinj comprises about 1.7% of Lisanti Capital Growth LLC’s portfolio, making the stock its 13th biggest position. Lisanti Capital Growth LLC owned approximately 0.12% of Impinj worth $6,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Impinj by 3.5% in the third quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock worth $303,000 after acquiring an additional 57 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Impinj by 0.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock valued at $3,113,000 after purchasing an additional 66 shares during the last quarter. Amalgamated Bank boosted its stake in Impinj by 1.1% in the 2nd quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock worth $741,000 after purchasing an additional 74 shares in the last quarter. Advisors Asset Management Inc. grew its position in Impinj by 17.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 579 shares of the company’s stock worth $64,000 after purchasing an additional 88 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in Impinj by 5.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,148 shares of the company’s stock valued at $388,000 after purchasing an additional 108 shares in the last quarter.

Insider Buying and Selling at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the sale, the insider directly owned 1,132,152 shares in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 697,450 shares of company stock valued at $110,643,153 in the last three months. Corporate insiders own 12.40% of the company’s stock.

Analyst Ratings Changes

PI has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Evercore ISI boosted their price target on Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Needham & Company LLC restated a “buy” rating and issued a $255.00 price objective on shares of Impinj in a research note on Friday, January 16th. Roth Mkm reaffirmed a “buy” rating and set a $235.00 target price on shares of Impinj in a report on Thursday, October 30th. Finally, Cantor Fitzgerald upped their target price on Impinj from $217.00 to $246.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.22.

Impinj Trading Down 6.6%

Shares of NASDAQ:PI opened at $138.10 on Friday. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $247.06. The company has a market capitalization of $4.16 billion, a PE ratio of -313.86 and a beta of 1.52. The business has a 50 day moving average of $169.40 and a two-hundred day moving average of $172.37. The company has a current ratio of 2.67, a quick ratio of 1.97 and a debt-to-equity ratio of 0.94.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. The firm had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. During the same period in the previous year, the firm earned $0.56 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. As a group, analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

About Impinj

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).