IMPINJ Inc (PI) Director Oppen Peter H. Van Sells 25,000 Shares of Stock

IMPINJ Inc (NYSE:PI) Director Oppen Peter H. Van sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $39.25, for a total value of $981,250.00. Following the completion of the transaction, the director now directly owns 80,595 shares in the company, valued at $3,163,353.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of IMPINJ Inc (NYSE:PI) traded up 0.56% during mid-day trading on Friday, hitting $40.96. The stock had a trading volume of 270,258 shares. The stock’s market cap is $845.21 million. The firm has a 50 day moving average of $35.69 and a 200-day moving average of $32.56. IMPINJ Inc has a one year low of $16.36 and a one year high of $43.93.

IMPINJ (NYSE:PI) last released its earnings results on Thursday, May 4th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $31.70 million during the quarter, compared to analysts’ expectations of $30.81 million. The business’s revenue was up 46.8% compared to the same quarter last year. Equities research analysts expect that IMPINJ Inc will post $0.24 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for IMPINJ (NYSE:PI)

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A number of research analysts recently commented on PI shares. Zacks Investment Research raised IMPINJ from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, April 25th. Royal Bank of Canada reaffirmed a “buy” rating and set a $40.00 price objective on shares of IMPINJ in a report on Friday, March 31st. Morgan Stanley reaffirmed a “buy” rating and set a $40.00 price objective on shares of IMPINJ in a report on Tuesday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of IMPINJ in a report on Thursday, March 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $38.00 price objective on shares of IMPINJ in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. IMPINJ currently has an average rating of “Buy” and a consensus price target of $37.88.

Several institutional investors have recently added to or reduced their stakes in the stock. Light Street Capital Management LLC purchased a new position in IMPINJ during the fourth quarter valued at $7,245,000. AlphaOne Investment Services LLC purchased a new position in IMPINJ during the fourth quarter valued at $1,951,000. Advisory Research Inc. purchased a new position in IMPINJ during the fourth quarter valued at $5,216,000. Allianz Asset Management AG increased its position in IMPINJ by 22.0% in the fourth quarter. Allianz Asset Management AG now owns 145,258 shares of the company’s stock valued at $5,133,000 after buying an additional 26,193 shares during the period. Finally, Peregrine Asset Advisers Inc. purchased a new position in IMPINJ during the fourth quarter valued at $387,000.

IMPINJ Company Profile

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.

12 Month Chart for NYSE:PI

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