IMPINJ Inc (PI) Insider Sells $256,480.00 in Stock

IMPINJ Inc (NYSE:PI) insider Eric Brodersen sold 7,000 shares of IMPINJ stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $36.64, for a total transaction of $256,480.00. Following the completion of the transaction, the insider now directly owns 119,943 shares in the company, valued at approximately $4,394,711.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Eric Brodersen also recently made the following trade(s):

  • On Thursday, April 20th, Eric Brodersen sold 10,200 shares of IMPINJ stock. The stock was sold at an average price of $35.31, for a total transaction of $360,162.00.
  • On Wednesday, March 22nd, Eric Brodersen sold 5,400 shares of IMPINJ stock. The stock was sold at an average price of $28.36, for a total transaction of $153,144.00.
  • On Tuesday, February 28th, Eric Brodersen sold 5,400 shares of IMPINJ stock. The stock was sold at an average price of $28.99, for a total transaction of $156,546.00.

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

IMPINJ (NYSE:PI) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $31.70 million during the quarter, compared to analyst estimates of $30.81 million. The business’s revenue for the quarter was up 46.8% compared to the same quarter last year. Analysts predict that IMPINJ Inc will post $0.24 earnings per share for the current year.

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

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PI has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $37.00 target price on shares of IMPINJ in a research note on Monday, January 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price (up from $32.00) on shares of IMPINJ in a research note on Friday, February 17th. Morgan Stanley initiated coverage on shares of IMPINJ in a research note on Thursday, February 23rd. They issued an “overweight” rating and a $40.00 target price for the company. Zacks Investment Research upgraded shares of IMPINJ from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, April 25th. Finally, Canaccord Genuity restated a “buy” rating and set a $38.00 price objective on shares of IMPINJ in a research note on Friday, May 12th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. IMPINJ has an average rating of “Buy” and a consensus price target of $37.88.

Several hedge funds have recently made changes to their positions in PI. American International Group Inc. purchased a new stake in shares of IMPINJ during the first quarter valued at $112,000. First Washington CORP purchased a new stake in shares of IMPINJ during the first quarter valued at $122,000. Nordea Investment Management AB purchased a new stake in shares of IMPINJ during the first quarter valued at $127,000. ClariVest Asset Management LLC purchased a new stake in shares of IMPINJ during the first quarter valued at $127,000. Finally, Wells Fargo & Company MN purchased a new stake in shares of IMPINJ during the third quarter valued at $141,000.

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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