IMPINJ Inc (NYSE:PI) insider Eric Brodersen sold 5,400 shares of IMPINJ stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $28.36, for a total transaction of $153,144.00. Following the completion of the transaction, the insider now directly owns 136,343 shares in the company, valued at $3,866,687.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Eric Brodersen also recently made the following trade(s):
- On Tuesday, February 28th, Eric Brodersen sold 5,400 shares of IMPINJ stock. The shares were sold at an average price of $28.99, for a total transaction of $156,546.00.
Shares of IMPINJ Inc (NYSE:PI) traded up 3.42% during mid-day trading on Thursday, hitting $35.67. 746,166 shares of the company traded hands. The firm’s 50 day moving average price is $29.65 and its 200-day moving average price is $31.08. IMPINJ Inc has a 1-year low of $16.36 and a 1-year high of $41.91. The stock’s market capitalization is $733.52 million.
IMPINJ (NYSE:PI) last announced its quarterly earnings data on Thursday, February 16th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. The company had revenue of $33.70 million for the quarter, compared to analyst estimates of $32.39 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The business’s quarterly revenue was up 51.8% compared to the same quarter last year. On average, equities research analysts forecast that IMPINJ Inc will post $0.25 EPS for the current year.
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A number of brokerages recently issued reports on PI. Royal Bank of Canada reissued a “buy” rating and issued a $40.00 price objective on shares of IMPINJ in a research note on Friday, March 31st. Morgan Stanley reaffirmed a “buy” rating and set a $40.00 target price on shares of IMPINJ in a research note on Tuesday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of IMPINJ in a research note on Thursday, March 2nd. Finally, Zacks Investment Research cut shares of IMPINJ from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.25.
Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN bought a new position in shares of IMPINJ during the third quarter worth approximately $141,000. Capital Asset Advisory Services LLC increased its position in shares of IMPINJ by 25.8% in the first quarter. Capital Asset Advisory Services LLC now owns 7,310 shares of the company’s stock worth $221,000 after buying an additional 1,500 shares in the last quarter. Brighton Jones LLC acquired a new position in shares of IMPINJ during the third quarter worth about $233,000. Bank of Montreal Can acquired a new position in shares of IMPINJ during the first quarter worth about $245,000. Finally, Hillman Co. acquired a new position in shares of IMPINJ during the first quarter worth about $337,000.
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.
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