Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 1.68MM shares of IMPINJ Inc (PI). This represents 6.5% of the company.
In their previous filing dated February 8, 2022 they reported 1.39MM shares and 5.70% of the company, an increase in shares of 20.54% and an increase in total ownership of 0.80% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 0.97% Downside
As of January 31, 2023, the average one-year price target for IMPINJ is $128.52. The forecasts range from a low of $112.11 to a high of $147.00. The average price target represents a decrease of 0.97% from its latest reported closing price of $129.78.
The projected annual revenue for IMPINJ is $328MM, an increase of 40.37%. The projected annual EPS is $1.35.
Fund Sentiment
There are 436 funds or institutions reporting positions in IMPINJ. This is an increase of 57 owner(s) or 15.04%.
Average portfolio weight of all funds dedicated to US:PI is 0.4084%, an increase of 1.8412%. Total shares owned by institutions increased in the last three months by 8.41% to 29,571K shares.
What are large shareholders doing?
Sylebra Capital holds 3,397,337 shares representing 13.11% ownership of the company. No change in the last quarter.
Invesco holds 1,586,353 shares representing 6.12% ownership of the company. In it's prior filing, the firm reported owning 1,410,765 shares, representing an increase of 11.07%. The firm increased its portfolio allocation in PI by 62.94% over the last quarter.
Gilder Gagnon Howe & Co holds 1,452,372 shares representing 5.60% ownership of the company. In it's prior filing, the firm reported owning 1,510,820 shares, representing a decrease of 4.02%. The firm increased its portfolio allocation in PI by 28.35% over the last quarter.
Chevy Chase Trust Holdings holds 1,404,521 shares representing 5.42% ownership of the company. In it's prior filing, the firm reported owning 1,475,950 shares, representing a decrease of 5.09%. The firm increased its portfolio allocation in PI by 34.03% over the last quarter.
Driehaus Capital Management holds 846,433 shares representing 3.27% ownership of the company. In it's prior filing, the firm reported owning 530,032 shares, representing an increase of 37.38%. The firm increased its portfolio allocation in PI by 103.64% over the last quarter.
Impinj Background Information
(This description is provided by the company.)
Impinj helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things - such as apparel, automobile parts, luggage, and shipments - to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
