K.J. Harrison & Partners Inc Makes New Investment in Impinj, Inc. (NASDAQ:PI)

K.J. Harrison & Partners Inc bought a new position in Impinj, Inc. (NASDAQ:PI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,200 shares of the company’s stock, valued at approximately $1,458,000. K.J. Harrison & Partners Inc owned about 0.06% of Impinj as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of PI. GAMMA Investing LLC bought a new stake in shares of Impinj in the fourth quarter worth approximately $40,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Impinj in the third quarter worth approximately $55,000. Asset Management One Co. Ltd. grew its stake in shares of Impinj by 74.6% in the third quarter. Asset Management One Co. Ltd. now owns 1,226 shares of the company’s stock worth $67,000 after acquiring an additional 524 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Impinj by 75.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,468 shares of the company’s stock worth $81,000 after acquiring an additional 629 shares during the period. Finally, Whittier Trust Co. bought a new stake in shares of Impinj in the fourth quarter worth approximately $90,000.

Analysts Set New Price Targets

PI has been the subject of several recent research reports. StockNews.com upgraded shares of Impinj to a “sell” rating in a research report on Friday, February 9th. Piper Sandler restated an “overweight” rating and set a $150.00 target price (up from $130.00) on shares of Impinj in a research report on Thursday. Needham & Company LLC boosted their target price on shares of Impinj from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday. Roth Mkm boosted their target price on shares of Impinj from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their price target on shares of Impinj from $130.00 to $156.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.89.

Insider Buying and Selling at Impinj

In other news, insider Cathal G. Phelan sold 2,556 shares of Impinj stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $98.88, for a total transaction of $252,737.28. Following the completion of the sale, the insider now owns 24,990 shares of the company’s stock, valued at $2,471,011.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Cathal G. Phelan sold 2,556 shares of Impinj stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $98.88, for a total transaction of $252,737.28. Following the completion of the sale, the insider now owns 24,990 shares of the company’s stock, valued at $2,471,011.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cary Baker sold 20,000 shares of Impinj stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $102.14, for a total transaction of $2,042,800.00. Following the sale, the chief financial officer now directly owns 55,432 shares of the company’s stock, valued at approximately $5,661,824.48. The disclosure for this sale can be found here. Insiders sold 120,185 shares of company stock worth $12,767,674 over the last 90 days. Company insiders own 17.10% of the company’s stock.

Impinj Trading Down 3.0 %

PI traded down $4.64 on Friday, hitting $150.91. The company had a trading volume of 1,647,904 shares, compared to its average volume of 421,742. The company has a market cap of $4.17 billion, a PE ratio of -431.17 and a beta of 2.05. Impinj, Inc. has a 12-month low of $48.39 and a 12-month high of $156.41. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. The business’s fifty day simple moving average is $119.23 and its 200 day simple moving average is $95.02.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, April 24th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.14. The company had revenue of $76.83 million during the quarter, compared to analyst estimates of $73.57 million. Impinj had a negative return on equity of 81.75% and a negative net margin of 1.90%. Equities research analysts expect that Impinj, Inc. will post -0.62 EPS for the current year.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.