Impinj, Inc. (NASDAQ:PI) insider Eric Brodersen sold 5,400 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $25.43, for a total value of $137,322.00. Following the completion of the transaction, the insider now directly owns 78,743 shares of the company’s stock, valued at $2,002,434.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eric Brodersen also recently made the following trade(s):

  • On Friday, October 13th, Eric Brodersen sold 7,000 shares of Impinj stock. The stock was sold at an average price of $36.85, for a total value of $257,950.00.
  • On Wednesday, September 20th, Eric Brodersen sold 3,500 shares of Impinj stock. The stock was sold at an average price of $39.36, for a total value of $137,760.00.
  • On Thursday, September 21st, Eric Brodersen sold 7,000 shares of Impinj stock. The stock was sold at an average price of $39.85, for a total value of $278,950.00.
  • On Monday, August 28th, Eric Brodersen sold 3,500 shares of Impinj stock. The stock was sold at an average price of $35.74, for a total value of $125,090.00.
  • On Tuesday, August 29th, Eric Brodersen sold 7,000 shares of Impinj stock. The stock was sold at an average price of $35.81, for a total value of $250,670.00.

Impinj, Inc. (PI) traded up $1.17 during trading on Thursday, reaching $26.17. The company had a trading volume of 597,500 shares, compared to its average volume of 756,973. Impinj, Inc. has a 52-week low of $19.97 and a 52-week high of $60.85. The company has a quick ratio of 4.97, a current ratio of 7.49 and a debt-to-equity ratio of 0.06.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, November 1st. The company reported ($0.08) 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 analyst estimates of $32.58 million. Impinj had a negative net margin of 14.88% and a negative return on equity of 15.45%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. research analysts predict that Impinj, Inc. will post -0.31 EPS for the current year.

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A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Impinj from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Royal Bank Of Canada reissued a “buy” rating on shares of Impinj in a report on Friday, September 29th. KeyCorp reiterated a “hold” rating on shares of Impinj in a research note on Wednesday, August 23rd. Piper Jaffray Companies lowered Impinj from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded Impinj from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Impinj currently has a consensus rating of “Hold” and a consensus target price of $36.67.

A number of institutional investors have recently added to or reduced their stakes in PI. BNP Paribas Arbitrage SA increased its stake in Impinj by 1,261.0% during the second 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 during the last quarter. Bronfman E.L. Rothschild L.P. acquired a new stake in Impinj during the third quarter worth about $116,000. Turner Investments LLC acquired a new stake in Impinj during the second quarter worth about $146,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in Impinj during the third quarter worth about $128,000. Finally, PNC Financial Services Group Inc. increased its stake in Impinj by 95.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock worth $176,000 after acquiring an additional 1,765 shares during the last quarter. Hedge funds and other institutional investors own 74.47% of the company’s stock.

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 (NASDAQ:PI)

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