Centiva Capital LP Acquires Shares of 15,664 Impinj, Inc. (NASDAQ:PI)

Centiva Capital LP bought a new position in shares of Impinj, Inc. (NASDAQ:PI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,664 shares of the company's stock, valued at approximately $2,275,000. Centiva Capital LP owned approximately 0.06% of Impinj as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PI. Canada Pension Plan Investment Board purchased a new position in shares of Impinj during the 4th quarter worth $29,000. SBI Securities Co. Ltd. acquired a new position in Impinj during the 4th quarter worth about $33,000. Jones Financial Companies Lllp boosted its holdings in Impinj by 205.9% during the 4th 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% in 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 in the last quarter. Finally, Spire Wealth Management acquired a new stake in Impinj during the 4th quarter worth approximately $87,000.

Analyst Upgrades and Downgrades

PI has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price objective on Impinj from $200.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. StockNews.com downgraded shares of Impinj from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. Piper Sandler decreased their price objective on shares of Impinj from $140.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Evercore ISI increased their price objective on Impinj from $99.00 to $117.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $133.00 price target on shares of Impinj in a research note on Thursday, April 24th. One equities 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 company presently has an average rating of "Moderate Buy" and an average target price of $160.33.

Impinj Stock Down 2.0 %

Shares of PI stock opened at $96.51 on Wednesday. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $239.88. The stock's 50-day moving average price is $84.91 and its 200 day moving average price is $130.45. The stock has a market capitalization of $2.80 billion, a PE ratio of 70.96 and a beta of 1.64.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.12. Impinj had a net margin of 11.15% and a return on equity of 7.11%. The company had revenue of $74.28 million for the quarter, compared to analysts' expectations of $71.73 million. During the same period in the previous year, the company posted $0.21 EPS. Impinj's revenue was down 3.3% compared to the same quarter last year. Analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Cary Baker sold 1,553 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.76, for a total value of $153,374.28. Following the completion of the transaction, the chief financial officer now directly owns 76,451 shares of the company's stock, valued at $7,550,300.76. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Hussein Mecklai sold 3,739 shares of Impinj stock in a transaction on Friday, February 21st. The stock was sold at an average price of $98.81, for a total value of $369,450.59. Following the transaction, the chief operating officer now directly owns 70,347 shares of the company's stock, valued at approximately $6,950,987.07. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,857 shares of company stock worth $1,665,290. Company 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.

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