IMPINJ Inc (NASDAQ:PI) saw unusually large options trading activity on Monday. Traders acquired 3,161 call options on the company. This is an increase of 575% compared to the typical daily volume of 468 call options.

IMPINJ (NASDAQ:PI) opened at $12.27 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.97 and a current ratio of 7.49. IMPINJ has a one year low of $11.31 and a one year high of $60.85. The stock has a market cap of $257.16 and a P/E ratio of -32.29.

PI has been the topic of a number of research reports. Zacks Investment Research lowered shares of IMPINJ from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 target price (down from $45.00) on shares of IMPINJ in a research report on Thursday, November 2nd. BidaskClub lowered shares of IMPINJ from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Morgan Stanley reduced their target price on shares of IMPINJ from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 target price (down from $50.00) on shares of IMPINJ in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.29.

In other news, CFO Evan Fein sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $25.01, for a total transaction of $142,557.00. Following the transaction, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at $437,675. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Eric Brodersen sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $25.43, for a total transaction of $137,322.00. Following the transaction, the insider now directly owns 78,743 shares in the company, valued at $2,002,434.49. The disclosure for this sale can be found here. Insiders sold a total of 14,400 shares of company stock worth $363,006 over the last three months. 15.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PI. Bronfman E.L. Rothschild L.P. bought a new position in shares of IMPINJ during the third quarter valued at approximately $116,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of IMPINJ during the third quarter valued at approximately $128,000. WealthTrust Arizona LLC bought a new position in shares of IMPINJ during the fourth quarter valued at approximately $144,000. PNC Financial Services Group Inc. boosted its stake in shares of IMPINJ by 95.1% during the second 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, Citigroup Inc. boosted its stake in shares of IMPINJ by 1,144.7% during the second quarter. Citigroup Inc. now owns 4,095 shares of the company’s stock valued at $199,000 after purchasing an additional 3,766 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

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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.

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