Still betting on Nvidia? Our AI picked this stock instead; it’s up 96%+ THIS MONTH
SEATTLE—Jeffrey Dossett, the Chief Revenue Officer of Impinj Inc . (NASDAQ:PI), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. Dossett sold a total of 378 shares of Impinj common stock, generating proceeds of approximately $53,315. The shares were sold at prices ranging from $140.63 to $141.34. The stock, which has shown significant volatility and currently trades at $149.31, has delivered an impressive 83% return over the past year. According to InvestingPro analysis, Impinj appears to be trading above its Fair Value, with 15+ additional insights available to subscribers.
The transactions were part of a non-discretionary process to cover tax obligations related to the settlement of restricted stock units (RSUs). As of the latest filing, Dossett holds a total of 67,052 shares of Impinj common stock. The company, with a market capitalization of $4.23 billion, is scheduled to report its next earnings in 22 days, which InvestingPro subscribers can analyze using comprehensive financial metrics and expert insights.
In other recent news, Impinj, Inc. has maintained its Q4 revenue and adjusted EBITDA guidance, expecting revenues between $91 million and $94 million, and adjusted EBITDA between $13.6 million and $15.1 million. This follows a robust Q3 performance with earnings per share of $0.56 and revenues of $95.2 million, a 46% year-over-year increase. The company's adjusted EBITDA for the quarter stood at $17.3 million. Several analysts have adjusted their stock targets for Impinj following these results. Lake Street Capital Markets raised its price target to $251, while Needham revised its target to $245. Cantor Fitzgerald also increased its target to $260, and Evercore ISI raised its share target from $205 to $270. These recent developments underscore the company's effective execution of business strategies and positive industry outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.