Headlands Technologies LLC Boosts Stock Position in Impinj, Inc. (NASDAQ:PI)

Headlands Technologies LLC increased its holdings in Impinj, Inc. (NASDAQ:PI) by 2,297.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,990 shares of the company’s stock after purchasing an additional 1,907 shares during the quarter. Headlands Technologies LLC’s holdings in Impinj were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Impinj by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,442,164 shares of the company’s stock valued at $500,009,000 after buying an additional 104,861 shares during the period. State Street Corp boosted its position in Impinj by 25.7% during the 3rd quarter. State Street Corp now owns 1,078,676 shares of the company’s stock valued at $233,555,000 after acquiring an additional 220,776 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Impinj by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 546,823 shares of the company’s stock worth $79,654,000 after acquiring an additional 3,899 shares during the period. Norges Bank bought a new position in shares of Impinj in the 4th quarter worth approximately $40,100,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Impinj by 10.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 213,398 shares of the company’s stock valued at $30,998,000 after purchasing an additional 20,158 shares during the period.

Insider Buying and Selling at Impinj

In other Impinj news, CEO Chris Ph.D. Diorio sold 841 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $141.02, for a total value of $118,597.82. Following the completion of the transaction, the chief executive officer now directly owns 333,856 shares in the company, valued at $47,080,373.12. This represents a 0.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Jeffrey Dossett sold 378 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $141.05, for a total transaction of $53,316.90. Following the completion of the sale, the executive now directly owns 67,052 shares of the company’s stock, valued at approximately $9,457,684.60. This trade represents a 0.56 % 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 valued at $1,925,748. Insiders own 51.00% of the company’s stock.

Impinj Trading Down 0.7 %

PI stock opened at $73.00 on Friday. The stock’s 50 day simple moving average is $100.18 and its 200 day simple moving average is $153.59. Impinj, Inc. has a 12-month low of $68.07 and a 12-month high of $239.88. The stock has a market capitalization of $2.08 billion, a PE ratio of 53.68 and a beta of 1.74.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald raised Impinj to a “strong-buy” rating in a research note on Thursday, February 27th. Piper Sandler decreased their price target on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price target on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC cut their price objective on shares of Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Susquehanna lowered their target price on shares of Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.44.

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.