Herald Investment Management Ltd bought a new position in IMPINJ Inc (NYSE:PI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $151,000.
Other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC increased its position in IMPINJ by 6.5% in the first quarter. Teachers Advisors LLC now owns 11,890 shares of the company’s stock worth $360,000 after buying an additional 726 shares in the last quarter. Capital Asset Advisory Services LLC increased its position in 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. American International Group Inc. acquired a new position in IMPINJ during the first quarter worth about $112,000. First Washington CORP acquired a new position in IMPINJ during the first quarter worth about $122,000. Finally, Nordea Investment Management AB acquired a new position in IMPINJ during the first quarter worth about $127,000.
Shares of IMPINJ Inc (PI) traded up 1.09% during midday trading on Monday, reaching $46.27. 233,146 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $39.83 and its 200 day moving average price is $33.70. The stock’s market capitalization is $954.78 million. IMPINJ Inc has a 1-year low of $16.36 and a 1-year high of $47.86.
IMPINJ (NYSE:PI) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $31.70 million for the quarter, compared to analyst estimates of $30.81 million. The company’s revenue was up 46.8% on a year-over-year basis. On average, equities analysts predict that IMPINJ Inc will post $0.24 earnings per share for the current fiscal year.
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A number of research firms have recently issued reports on PI. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price objective (up from $42.00) on shares of IMPINJ in a research note on Sunday, May 28th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective (up from $32.00) on shares of IMPINJ in a research note on Friday, February 17th. Morgan Stanley began coverage on shares of IMPINJ in a research note on Thursday, February 23rd. They set an “overweight” rating and a $40.00 price objective on the stock. Zacks Investment Research downgraded shares of IMPINJ from a “buy” rating to a “hold” rating in a research note on Saturday, May 6th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $38.00 price objective on shares of IMPINJ in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.88.
In related news, CFO Evan Fein sold 10,207 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $41.54, for a total transaction of $423,998.78. Following the completion of the sale, the chief financial officer now owns 18,207 shares in the company, valued at approximately $756,318.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eric Brodersen sold 5,400 shares of the stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $28.36, for a total transaction of $153,144.00. Following the sale, the insider now owns 136,343 shares of the company’s stock, valued at approximately $3,866,687.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,973 shares of company stock valued at $3,631,942.
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.
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