Chris Ph.D. Diorio Sells 18,257 Shares of IMPINJ Inc (NASDAQ:PI) Stock

IMPINJ Inc (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 18,257 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $35.00, for a total transaction of $638,995.00. Following the completion of the sale, the chief executive officer now owns 271,278 shares in the company, valued at $9,494,730. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Chris Ph.D. Diorio also recently made the following trade(s):

  • On Thursday, July 11th, Chris Ph.D. Diorio sold 4,200 shares of IMPINJ stock. The shares were sold at an average price of $35.00, for a total transaction of $147,000.00.
  • On Monday, May 20th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00.
  • On Wednesday, May 15th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $27.29, for a total transaction of $272,900.00.
  • On Friday, May 17th, Chris Ph.D. Diorio sold 30,000 shares of IMPINJ stock. The shares were sold at an average price of $27.82, for a total transaction of $834,600.00.
  • On Monday, April 22nd, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00.
  • On Thursday, April 18th, Chris Ph.D. Diorio sold 10,000 shares of IMPINJ stock. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00.

Shares of IMPINJ stock opened at $34.61 on Friday. The stock has a market cap of $740.95 million, a price-to-earnings ratio of -50.90 and a beta of 2.71. The company has a quick ratio of 3.11, a current ratio of 4.79 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $28.85. IMPINJ Inc has a 52 week low of $13.25 and a 52 week high of $35.81.

IMPINJ (NASDAQ:PI) last announced its quarterly earnings data on Monday, April 29th. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.15. The firm had revenue of $33.10 million during the quarter, compared to analyst estimates of $31.08 million. IMPINJ had a negative net margin of 21.33% and a negative return on equity of 12.32%. IMPINJ’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the firm posted ($0.38) EPS. As a group, analysts anticipate that IMPINJ Inc will post -0.4 EPS for the current year.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in IMPINJ by 1.3% during the 4th quarter. BlackRock Inc. now owns 1,138,180 shares of the company’s stock worth $16,560,000 after buying an additional 14,164 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in IMPINJ by 33.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 355,425 shares of the company’s stock worth $5,171,000 after buying an additional 88,314 shares during the last quarter. Scout Investments Inc. raised its position in IMPINJ by 65.3% during the 2nd quarter. Scout Investments Inc. now owns 146,365 shares of the company’s stock worth $4,189,000 after buying an additional 57,817 shares during the last quarter. Barclays PLC raised its position in IMPINJ by 11.1% during the 4th quarter. Barclays PLC now owns 126,411 shares of the company’s stock worth $1,840,000 after buying an additional 12,633 shares during the last quarter. Finally, Deutsche Bank AG raised its position in IMPINJ by 117.8% during the 4th quarter. Deutsche Bank AG now owns 87,199 shares of the company’s stock worth $1,268,000 after buying an additional 47,171 shares during the last quarter. 65.13% of the stock is owned by hedge funds and other institutional investors.

PI has been the topic of a number of recent analyst reports. Canaccord Genuity raised their price target on shares of IMPINJ from $31.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Roth Capital restated a “buy” rating on shares of GENFIT S A/ADR in a report on Tuesday, April 23rd. Dougherty & Co upgraded shares of IMPINJ from a “neutral” rating to a “buy” rating in a report on Monday, July 1st. Finally, BidaskClub upgraded shares of SeaSpine from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $33.00.

About IMPINJ

Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.

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