Impinj, Inc. (NASDAQ:PI) Shares Acquired by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. raised its position in shares of Impinj, Inc. (NASDAQ:PI) by 30.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,084 shares of the company’s stock after purchasing an additional 4,467 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Impinj were worth $2,771,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PI. National Bank of Canada FI acquired a new position in shares of Impinj in the 3rd quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in Impinj in the fourth quarter worth about $33,000. Jones Financial Companies Lllp boosted its stake in Impinj by 205.9% in the fourth quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. IFP Advisors Inc grew its holdings in shares of Impinj by 116.5% during the fourth quarter. IFP Advisors Inc now owns 368 shares of the company’s stock valued at $53,000 after purchasing an additional 198 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Impinj during the 4th quarter worth approximately $87,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PI. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Cantor Fitzgerald raised shares of Impinj to a “strong-buy” rating in a report on Thursday, February 27th. Susquehanna lowered 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. The Goldman Sachs Group cut 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. Finally, Needham & Company LLC decreased their target price on shares of Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Impinj presently has an average rating of “Moderate Buy” and a consensus price target of $183.44.

Impinj Trading Up 0.5 %

Shares of NASDAQ:PI opened at $91.62 on Wednesday. The firm has a market cap of $2.61 billion, a P/E ratio of 67.37 and a beta of 1.98. Impinj, Inc. has a twelve month low of $84.17 and a twelve month high of $239.88. The company has a 50 day moving average of $108.05 and a 200-day moving average of $158.54.

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

Insider Buying and Selling

In other Impinj news, CRO Jeffrey Dossett sold 378 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $141.05, for a total transaction of $53,316.90. Following the sale, the executive now owns 67,052 shares in the company, valued at approximately $9,457,684.60. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cathal G. Phelan sold 565 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $98.77, for a total transaction of $55,805.05. Following the completion of the transaction, the insider now owns 7,925 shares of the company’s stock, valued at approximately $782,752.25. The trade was a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,704 shares of company stock worth $1,925,748. Corporate insiders own 51.00% of the company’s stock.

Impinj 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.