Impinj, Inc. (NASDAQ:PI) Shares Bought by First Bank & Trust

First Bank & Trust raised its stake in Impinj, Inc. (NASDAQ:PI) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,936 shares of the company’s stock after acquiring an additional 168 shares during the quarter. First Bank & Trust’s holdings in Impinj were worth $281,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PI. National Bank of Canada FI purchased a new stake in shares of Impinj in the third quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its position in shares of Impinj by 1,084.6% in the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after buying an additional 141 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Impinj in the fourth quarter valued at approximately $87,000. KBC Group NV increased its position in shares of Impinj by 33.5% in the fourth quarter. KBC Group NV now owns 909 shares of the company’s stock valued at $132,000 after buying an additional 228 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Impinj in the third quarter valued at approximately $138,000.

Insiders Place Their Bets

In other news, insider Cathal G. Phelan sold 210 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total value of $30,672.60. Following the transaction, the insider now owns 6,979 shares of the company’s stock, valued at $1,019,352.74. This represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Jeffrey Dossett sold 580 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total value of $84,714.80. Following the completion of the transaction, the executive now directly owns 66,180 shares in the company, valued at approximately $9,666,250.80. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,466 shares of company stock valued at $789,298. Insiders own 51.00% of the company’s stock.

Impinj Stock Performance

NASDAQ PI opened at $100.81 on Friday. The stock’s fifty day moving average is $133.21 and its two-hundred day moving average is $168.90. The firm has a market capitalization of $2.88 billion, a P/E ratio of 74.13 and a beta of 1.88. Impinj, Inc. has a fifty-two week low of $97.77 and a fifty-two week high of $239.88.

Impinj (NASDAQ:PI) last released its quarterly earnings data 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 return on equity of 7.11% and a net margin of 11.15%. As a group, sell-side analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

PI has been the subject of a number of recent analyst reports. StockNews.com cut Impinj from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Lake Street Capital boosted their price target on Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI reiterated an “outperform” rating and set a $270.00 price target (up from $205.00) on shares of Impinj in a research report on Thursday, October 24th. The Goldman Sachs Group dropped their price target on Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Needham & Company LLC dropped their price target on Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.10.

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.