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The filing also detailed Mecklai's acquisition of common stock through the vesting of restricted stock units (RSUs) on December 23. Mecklai acquired 1,562 shares and an additional 529 shares, but these transactions were not associated with any cash outlay.The sales were made to cover tax withholding obligations related to the settlement of RSUs, as noted in the filing. Following these transactions, Mecklai's direct ownership stands at 60,830 shares of Impinj common stock. For deeper insights into Impinj's insider transactions and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence. For deeper insights into Impinj's insider transactions and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
The filing also detailed Mecklai's acquisition of common stock through the vesting of restricted stock units (RSUs) on December 23. Mecklai acquired 1,562 shares and an additional 529 shares, but these transactions were not associated with any cash outlay.
The sales were made to cover tax withholding obligations related to the settlement of RSUs, as noted in the filing. Following these transactions, Mecklai's direct ownership stands at 60,830 shares of Impinj common stock.
In other recent news, Impinj Inc (NASDAQ:PI). has received several analyst upgrades following robust Q3 results and positive future guidance. Lake Street Capital Markets, Needham, Cantor Fitzgerald, and Evercore ISI have all raised their stock targets, maintaining positive ratings on the company's shares. Impinj's Q3 revenues saw a 46% increase year-over-year, surpassing their guidance, with adjusted EBITDA 13% above the high-end forecast. The company reported Q3 earnings per share (EPS) of $0.56, surpassing estimates, and a revenue of $95.2 million, marking a 46% increase year-over-year. For Q4, Impinj projects a revenue between $91 million and $94 million, reflecting a 31% year-over-year increase, with adjusted EBITDA projected between $13.6 million and $15.1 million. These are recent developments as Impinj continues to execute its business strategies effectively, gaining positive attention from various analyst firms.
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