Impinj, Inc. (NASDAQ:PI – Get Free Report) COO Hussein Mecklai sold 10,000 shares of Impinj stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $204.75, for a total value of $2,047,500.00. Following the sale, the chief operating officer now directly owns 60,041 shares in the company, valued at $12,293,394.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Hussein Mecklai also recently made the following trade(s):
- On Monday, October 14th, Hussein Mecklai sold 427 shares of Impinj stock. The shares were sold at an average price of $237.75, for a total value of $101,519.25.
- On Tuesday, September 24th, Hussein Mecklai sold 822 shares of Impinj stock. The shares were sold at an average price of $209.18, for a total value of $171,945.96.
Impinj Price Performance
PI stock opened at $191.72 on Thursday. The company has a 50 day moving average price of $198.64 and a 200 day moving average price of $170.87. Impinj, Inc. has a fifty-two week low of $59.64 and a fifty-two week high of $239.88. The stock has a market capitalization of $5.31 billion, a PE ratio of -547.77 and a beta of 1.80.
Analyst Ratings Changes
A number of equities research analysts have weighed in on PI shares. Piper Sandler reaffirmed an “overweight” rating and set a $235.00 price objective (up from $225.00) on shares of Impinj in a report on Thursday, October 24th. Lake Street Capital boosted their target price on Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. StockNews.com downgraded Impinj from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Susquehanna boosted their target price on Impinj from $215.00 to $260.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Finally, Needham & Company LLC boosted their target price on Impinj from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Impinj currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.60.
Get Our Latest Stock Report on Impinj
Institutional Trading of Impinj
Several institutional investors and hedge funds have recently made changes to their positions in PI. Farther Finance Advisors LLC raised its position in shares of Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after acquiring an additional 141 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Impinj during the 3rd quarter valued at $54,000. SouthState Corp bought a new stake in shares of Impinj during the 2nd quarter valued at $94,000. nVerses Capital LLC raised its position in shares of Impinj by 75.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $110,000 after acquiring an additional 300 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. raised its position in shares of Impinj by 211.2% during the 2nd quarter. Jamison Private Wealth Management Inc. now owns 809 shares of the company’s stock valued at $127,000 after acquiring an additional 549 shares during the last quarter.
Impinj Company Profile
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.
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