Insider Selling: Impinj, Inc. (PI) Insider Sells $137,322.00 in Stock
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.
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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