Impinj, Inc. (NASDAQ:PI) Shares Purchased by First Bank & Trust

First Bank & Trust increased its position in shares of Impinj, Inc. (NASDAQ:PI) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,936 shares of the company’s stock after acquiring an additional 168 shares during the period. First Bank & Trust’s holdings in Impinj were worth $281,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PI. National Bank of Canada FI purchased a new stake in Impinj during the 3rd quarter worth about $30,000. Farther Finance Advisors LLC increased its holdings in Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after purchasing an additional 141 shares during the period. Spire Wealth Management purchased a new stake in Impinj during the 4th quarter worth about $87,000. Asset Management One Co. Ltd. purchased a new stake in Impinj during the 3rd quarter worth about $138,000. Finally, KBC Group NV increased its holdings in Impinj by 29.7% during the 3rd quarter. KBC Group NV now owns 681 shares of the company’s stock worth $147,000 after purchasing an additional 156 shares during the period.

Insider Buying and Selling

In other Impinj news, COO Hussein Mecklai sold 338 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $141.02, for a total transaction of $47,664.76. Following the completion of the sale, the chief operating officer now directly owns 61,586 shares of the company’s stock, valued at approximately $8,684,857.72. This trade represents a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chris Ph.D. Diorio sold 841 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $141.02, for a total value of $118,597.82. Following the sale, the chief executive officer now directly owns 333,856 shares of the company’s stock, valued at $47,080,373.12. The trade was a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,466 shares of company stock worth $789,298 in the last quarter. 51.00% of the stock is owned by insiders.

Impinj Stock Down 2.2 %

NASDAQ:PI opened at $100.81 on Friday. The stock’s 50 day moving average price is $133.21 and its 200 day moving average price is $168.90. The company has a market capitalization of $2.88 billion, a PE ratio of 74.13 and a beta of 1.88. Impinj, Inc. has a 52-week low of $97.77 and a 52-week high of $239.88.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. As a group, sell-side analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PI shares. Lake Street Capital upped their price target on Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Susquehanna dropped their price objective on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a report on Wednesday, January 22nd. StockNews.com downgraded Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Cantor Fitzgerald dropped their price objective on Impinj from $260.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, The Goldman Sachs Group dropped their price objective on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.10.

About Impinj

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.