MetLife Investment Management LLC Raises Holdings in Impinj, Inc. (NASDAQ:PI)

MetLife Investment Management LLC increased its position in Impinj, Inc. (NASDAQ:PI – Get Rating) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,050 shares of the company’s stock after purchasing an additional 364 shares during the period. MetLife Investment Management LLC’s holdings in Impinj were worth $884,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Impinj in the third quarter valued at $1,372,000. Jump Financial LLC acquired a new stake in Impinj during the 3rd quarter worth approximately $1,928,000. Essex Investment Management Co. LLC increased its holdings in shares of Impinj by 3.5% in the second quarter. Essex Investment Management Co. LLC now owns 44,058 shares of the company’s stock valued at $2,585,000 after purchasing an additional 1,491 shares during the period. Royce & Associates LP grew its position in Impinj by 4.2% in the 3rd quarter. Royce & Associates LP now owns 148,500 shares of the company’s stock valued at $11,884,000 after buying an additional 6,000 shares during the last quarter. Finally, Auxano Advisors LLC purchased a new stake in shares of Impinj in the third quarter valued at about $825,000. Hedge funds and other institutional investors own 97.32% of the company’s stock.

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Analyst Ratings Changes

A number of brokerages recently weighed in on PI. TheStreet raised Impinj from a “d” rating to a “c-” rating in a report on Wednesday, February 8th. Jefferies Financial Group raised their price objective on shares of Impinj from $112.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, January 12th. Canaccord Genuity Group upped their target price on shares of Impinj from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. The Goldman Sachs Group lifted their price target on shares of Impinj from $111.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Finally, Lake Street Capital raised their price objective on Impinj from $132.00 to $135.00 in a research note on Thursday, February 9th. One investment analyst has rated the stock with a sell rating and six 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 $129.75.

Insider Buying and Selling at Impinj

In related news, CRO Jeffrey Dossett sold 598 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $133.13, for a total transaction of $79,611.74. Following the sale, the executive now owns 47,139 shares in the company, valued at $6,275,615.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CRO Jeffrey Dossett sold 598 shares of the stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $133.13, for a total transaction of $79,611.74. Following the transaction, the executive now directly owns 47,139 shares in the company, valued at $6,275,615.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chris Ph.D. Diorio sold 11,692 shares of Impinj stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $127.72, for a total value of $1,493,302.24. Following the completion of the sale, the chief executive officer now owns 281,310 shares of the company’s stock, valued at approximately $35,928,913.20. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 88,397 shares of company stock worth $10,952,581 and have sold 62,016 shares worth $7,706,725. 20.20% of the stock is owned by insiders.

Impinj Stock Down 0.4 %

Shares of NASDAQ:PI opened at $132.08 on Thursday. The company has a market capitalization of $3.46 billion, a P/E ratio of -137.58, a P/E/G ratio of 39.08 and a beta of 2.36. The stock’s fifty day simple moving average is $122.64 and its 200-day simple moving average is $107.46. Impinj, Inc. has a 52-week low of $39.74 and a 52-week high of $142.78. The company has a quick ratio of 5.40, a current ratio of 6.49 and a debt-to-equity ratio of 17.97.

Impinj Company Profile

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IImpinj, Inc engages in the development and sale of radio frequency identification solutions. The company was founded by Christopher Diorio in April 2000 and is headquartered in Seattle, WA.

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