Impinj, Inc. (NASDAQ:PI) Shares Sold by AWM Investment Company Inc.

AWM Investment Company Inc. trimmed its holdings in Impinj, Inc. (NASDAQ:PI - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 177,171 shares of the company's stock after selling 29,829 shares during the quarter. Impinj accounts for approximately 3.1% of AWM Investment Company Inc.'s investment portfolio, making the stock its 5th biggest holding. AWM Investment Company Inc. owned 0.63% of Impinj worth $25,736,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in Impinj during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Impinj during the 4th quarter valued at about $33,000. Jones Financial Companies Lllp grew its position in shares of 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 raised its holdings in Impinj by 116.5% in the 4th quarter. IFP Advisors Inc now owns 368 shares of the company's stock worth $53,000 after purchasing an additional 198 shares during the period. Finally, Spire Wealth Management purchased a new position in Impinj during the fourth quarter worth approximately $87,000.

Analyst Upgrades and Downgrades

PI has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on Impinj from $99.00 to $117.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. The Goldman Sachs Group cut their price target on shares of Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Susquehanna decreased their price objective on shares of Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a report on Wednesday, January 22nd. Cantor Fitzgerald reissued an "overweight" rating and set a $133.00 target price on shares of Impinj in a research note on Thursday, April 24th. Finally, Piper Sandler reduced their price target 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Impinj presently has an average rating of "Moderate Buy" and an average target price of $155.38.

Impinj Stock Up 0.0%

Impinj stock opened at $123.33 on Wednesday. The company has a fifty day simple moving average of $89.03 and a 200-day simple moving average of $124.17. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 90.68 and a beta of 1.64. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $239.88.

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 during the quarter, compared to analysts' expectations of $71.73 million. During the same quarter in the prior year, the company earned $0.21 EPS. Impinj's revenue was down 3.3% compared to the same quarter last year. On average, research analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Jeffrey Dossett sold 2,666 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $98.81, for a total transaction of $263,427.46. Following the completion of the sale, the executive now owns 71,886 shares in the company, valued at $7,103,055.66. This trade represents a 3.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cathal G. Phelan sold 565 shares of Impinj stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $98.77, for a total transaction of $55,805.05. Following the sale, the insider now directly owns 7,925 shares in the company, valued at approximately $782,752.25. The trade was a 6.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,857 shares of company stock valued at $1,665,290. Insiders own 12.40% of the company's stock.

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.

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