Consolidated Portfolio Review Corp bought a new position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,595 shares of the company's stock, valued at approximately $1,861,000.
Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in Impinj during the 2nd quarter valued at approximately $103,252,000. Jennison Associates LLC acquired a new stake in shares of Impinj in the first quarter worth $25,747,000. Renaissance Technologies LLC bought a new position in Impinj during the second quarter worth $30,116,000. TimesSquare Capital Management LLC acquired a new position in Impinj during the 1st quarter valued at $19,195,000. Finally, Lord Abbett & CO. LLC bought a new stake in Impinj in the 1st quarter valued at $9,659,000.
In other Impinj news, CFO Cary Baker sold 366 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $237.83, for a total transaction of $87,045.78. Following the transaction, the chief financial officer now owns 71,096 shares of the company's stock, valued at approximately $16,908,761.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Cary Baker sold 366 shares of the firm's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $237.83, for a total value of $87,045.78. Following the transaction, the chief financial officer now owns 71,096 shares of the company's stock, valued at approximately $16,908,761.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Sylebra Capital Llc purchased 4,264,393 shares of Impinj stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $4.69 per share, for a total transaction of $20,000,003.17. Following the completion of the transaction, the insider now directly owns 33,050,456 shares in the company, valued at $155,006,638.64. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 21,779 shares of company stock valued at $3,825,046 over the last ninety days. 51.00% of the stock is owned by insiders.
NASDAQ:PI traded up $8.49 on Friday, reaching $200.70. The stock had a trading volume of 1,097,652 shares, compared to its average volume of 469,581. The company has a market capitalization of $5.64 billion, a P/E ratio of 692.07 and a beta of 1.80. The stock has a fifty day moving average price of $196.40 and a 200-day moving average price of $168.96. Impinj, Inc. has a 1-year low of $58.56 and a 1-year high of $239.88.
Impinj (NASDAQ:PI - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.08. Impinj had a negative return on equity of 21.12% and a net margin of 3.93%. The business had revenue of $95.20 million for the quarter, compared to analyst estimates of $92.86 million. During the same period in the prior year, the company earned ($0.36) EPS. Impinj's revenue for the quarter was up 46.5% on a year-over-year basis. Sell-side analysts predict that Impinj, Inc. will post 0.31 earnings per share for the current fiscal year.
PI has been the subject of several research reports. Piper Sandler reiterated an "overweight" rating and issued a $235.00 target price (up previously from $225.00) on shares of Impinj in a research note on Thursday. Needham & Company LLC raised their target price on Impinj from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday. Susquehanna boosted their price target on shares of Impinj from $215.00 to $260.00 and gave the company a "positive" rating in a report on Monday, October 21st. The Goldman Sachs Group raised their price objective on shares of Impinj from $165.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Evercore ISI reissued an "outperform" rating and issued a $270.00 target price (up previously from $205.00) on shares of Impinj in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Impinj has an average rating of "Moderate Buy" and a consensus price target of $224.60.
Check Out Our Latest Report on Impinj
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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