Impinj, Inc. (NASDAQ:PI - Get Free Report) Director Umesh Padval sold 3,475 shares of the business's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $151.39, for a total transaction of $526,080.25. Following the sale, the director now directly owns 3,529 shares of the company's stock, valued at approximately $534,255.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Impinj Stock Up 1.2 %
Shares of PI stock opened at $159.38 on Wednesday. The stock has a market cap of $4.42 billion, a P/E ratio of -455.37 and a beta of 2.05. Impinj, Inc. has a 52 week low of $48.39 and a 52 week high of $160.71. The company has a quick ratio of 6.87, a current ratio of 9.42 and a debt-to-equity ratio of 3.29. The company's fifty day simple moving average is $121.49 and its two-hundred day simple moving average is $97.06.
Impinj (NASDAQ:PI - Get Free Report) last announced 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 business had revenue of $76.83 million for the quarter, compared to analysts' expectations of $73.57 million. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. Analysts predict that Impinj, Inc. will post -0.62 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
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A number of brokerages have recently issued reports on PI. Piper Sandler reissued an "overweight" rating and set a $150.00 price objective (up previously from $130.00) on shares of Impinj in a research report on Thursday, April 25th. Susquehanna boosted their price objective on shares of Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research report on Tuesday, April 23rd. Roth Mkm boosted their price objective on shares of Impinj from $125.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Evercore ISI started coverage on shares of Impinj in a report on Tuesday, April 16th. They issued an "outperform" rating and a $160.00 target price for the company. Finally, Needham & Company LLC upped their target price on shares of Impinj from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.89.
Read Our Latest Stock Analysis on Impinj
Institutional Trading of Impinj
Several hedge funds have recently made changes to their positions in PI. Sylebra Capital LLC purchased a new stake in shares of Impinj during the 3rd quarter valued at about $217,290,000. Capital International Investors purchased a new stake in shares of Impinj during the 4th quarter valued at about $68,211,000. Fred Alger Management LLC raised its position in shares of Impinj by 249.6% during the 3rd quarter. Fred Alger Management LLC now owns 795,973 shares of the company's stock valued at $43,802,000 after buying an additional 568,301 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of Impinj by 40.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,022,359 shares of the company's stock valued at $56,260,000 after buying an additional 292,470 shares in the last quarter. Finally, Sora Investors LLC purchased a new stake in shares of Impinj during the 3rd quarter valued at about $9,080,000.
Impinj Company Profile
(
Get Free Report)
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.
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