Jamison Private Wealth Management Inc. Purchases 1,263 Shares of Impinj, Inc. (NASDAQ:PI)

Jamison Private Wealth Management Inc. increased its position in Impinj, Inc. (NASDAQ:PI) by 91.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,638 shares of the company’s stock after buying an additional 1,263 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Impinj were worth $383,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PI. National Bank of Canada FI bought a new stake in shares of Impinj in the 3rd quarter worth about $30,000. Farther Finance Advisors LLC lifted its stake in shares of Impinj by 1,084.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Impinj in the 3rd quarter worth approximately $54,000. Asset Management One Co. Ltd. bought a new position in shares of Impinj during the 3rd quarter valued at approximately $138,000. Finally, USA Financial Formulas raised its holdings in Impinj by 82.0% during the 3rd quarter. USA Financial Formulas now owns 657 shares of the company’s stock valued at $142,000 after buying an additional 296 shares during the period.

Insider Activity

In related news, CRO Jeffrey Dossett sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.17, for a total transaction of $1,358,775.00. Following the completion of the transaction, the executive now owns 65,294 shares in the company, valued at $11,829,313.98. The trade was a 10.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Sylebra Capital Llc sold 32,031 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $195.35, for a total transaction of $6,257,255.85. Following the completion of the sale, the insider now owns 3,021,548 shares of the company’s stock, valued at approximately $590,259,401.80. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 630,038 shares of company stock worth $125,943,693. Corporate insiders own 51.00% of the company’s stock.

Impinj Price Performance

Shares of Impinj stock opened at $136.21 on Monday. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 153.04 and a beta of 1.88. The firm’s 50-day moving average is $158.20 and its two-hundred day moving average is $175.60. Impinj, Inc. has a 1 year low of $95.96 and a 1 year high of $239.88.

Wall Street Analysts Forecast Growth

Several research firms have commented on PI. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday. Susquehanna decreased their price objective on shares of Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. Needham & Company LLC cut their target price on Impinj from $245.00 to $182.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Piper Sandler restated an “overweight” rating and set a $235.00 price objective (up previously from $225.00) on shares of Impinj in a report on Thursday, October 24th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $270.00 price objective (up previously from $205.00) on shares of Impinj in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $214.30.

About 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.