8 hours Ago By ABMN Staff
Impinj ( NASDAQ:PI – Free Report ) had its price objective decreased by Piper Sandler from $140.00 to $100.00 in a research note published on Tuesday morning, Benzinga reports.
Piper Sandler currently has an overweight rating on the stock. Other analysts have also issued research reports about the company. Needham & Company LLC cut their price target on Impinj from $182.
00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.
com downgraded Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Cantor Fitzgerald upgraded shares of Impinj to a “strong-buy” rating in a research note on Thursday, February 27th. Susquehanna dropped their price target on shares of Impinj from $260.
00 to $220.00 and set a “positive” rating for the company in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Impinj from $200.
00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company.
According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.33. Read Our Latest Stock Analysis on PI Impinj Price Performance Impinj ( NASDAQ:PI – Get Free Report ) last issued its earnings results on Wednesday, February 5th.
The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.48 by ($0.
49). Impinj had a net margin of 11.15% and a return on equity of 7.
11%. On average, equities research analysts expect that Impinj will post -0.47 earnings per share for the current fiscal year.
Insider Activity at Impinj In other news, COO Hussein Mecklai sold 3,739 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.81, for a total transaction of $369,450.
59. Following the completion of the transaction, the chief operating officer now directly owns 70,347 shares of the company’s stock, valued at $6,950,987.07.
This represents a 5.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link .
Also, CFO Cary Baker sold 1,553 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $98.76, for a total transaction of $153,374.
28. Following the transaction, the chief financial officer now directly owns 76,451 shares in the company, valued at approximately $7,550,300.76.
The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 16,857 shares of company stock valued at $1,665,290 in the last ninety days. Corporate insiders own 51.00% of the company’s stock.
Institutional Trading of Impinj A number of institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Impinj by 38.5% during the first quarter.
Allspring Global Investments Holdings LLC now owns 244,099 shares of the company’s stock worth $21,578,000 after purchasing an additional 67,908 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Impinj by 46.
3% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,083 shares of the company’s stock valued at $280,000 after acquiring an additional 975 shares during the last quarter.
Cambridge Investment Research Advisors Inc. grew its position in Impinj by 7.0% in the first quarter.
Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company’s stock worth $741,000 after acquiring an additional 535 shares during the period. Deltec Asset Management LLC purchased a new stake in Impinj in the first quarter valued at $336,000.
Finally, Jamison Private Wealth Management Inc. lifted its stake in shares of Impinj by 56.4% in the 1st quarter.
Jamison Private Wealth Management Inc. now owns 4,127 shares of the company’s stock valued at $374,000 after purchasing an additional 1,489 shares during the last quarter. About Impinj ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Impinj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impinj and related companies with MarketBeat.
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