Impinj, Inc. (NASDAQ:PI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in Impinj, Inc. (NASDAQ:PI) by 20.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,290 shares of the company’s stock after selling 1,105 shares during the quarter. SG Americas Securities LLC’s holdings in Impinj were worth $623,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Impinj by 25.7% in the third 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. Principal Financial Group Inc. raised its stake in Impinj by 4,013.7% in the 3rd quarter. Principal Financial Group Inc. now owns 125,633 shares of the company’s stock valued at $27,202,000 after purchasing an additional 122,579 shares during the last quarter. Wellington Management Group LLP purchased a new position in Impinj in the 3rd quarter valued at $24,771,000. FMR LLC boosted its stake in Impinj by 1.5% during the 3rd quarter. FMR LLC now owns 4,217,403 shares of the company’s stock worth $913,152,000 after purchasing an additional 60,461 shares during the last quarter. Finally, Telemark Asset Management LLC purchased a new stake in shares of Impinj during the third quarter worth $12,991,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PI shares. Lake Street Capital raised their price target on shares of Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC decreased their target price on shares of Impinj from $245.00 to $182.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Susquehanna dropped their price target on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research report on Wednesday, January 22nd. Evercore ISI reiterated an “outperform” rating and set a $270.00 price objective (up previously from $205.00) on shares of Impinj in a research report on Thursday, October 24th. Finally, Piper Sandler restated an “overweight” rating and issued a $235.00 target price (up from $225.00) on shares of Impinj in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.30.

Insider Transactions at Impinj

In other Impinj news, COO Hussein Mecklai sold 338 shares of the business’s 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 $47,664.76. Following the sale, the chief operating officer now owns 61,586 shares of the company’s stock, valued at $8,684,857.72. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sylebra Capital Llc sold 250,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $203.00, for a total value of $50,750,000.00. Following the transaction, the insider now owns 2,222,352 shares of the company’s stock, valued at approximately $451,137,456. This represents a 10.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 541,160 shares of company stock worth $108,376,846. 51.00% of the stock is currently owned by company insiders.

Impinj Stock Down 2.7 %

PI stock opened at $127.94 on Friday. Impinj, Inc. has a 52-week low of $95.96 and a 52-week high of $239.88. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 143.75 and a beta of 1.88. The business has a fifty day moving average of $155.19 and a two-hundred day moving average of $174.77.

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.