On November 8, 2024, Cathal Phelan, Chief Innovation Officer of Impinj Inc (PI, Financial), sold 11,549 shares of the company at an average price of $200.81 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 6,098 shares of the company.
Impinj Inc (PI, Financial) is a technology firm that specializes in radio-frequency identification (RFID) solutions and Internet of Things (IoT) connectivity. The company's products are used in various applications, including inventory management, asset tracking, and supply chain insights.
Over the past year, Cathal Phelan has sold a total of 36,752 shares of Impinj Inc and has not made any purchases of the stock. This recent transaction is part of a broader trend observed within the company, where there have been 83 insider sells and only 7 insider buys over the past year.
Shares of Impinj Inc were trading at $200.81 on the day of the transaction, giving the company a market cap of approximately $5.723 billion. The price-earnings ratio of the company stands at 228.72, which is significantly higher than the industry median of 23.94.
According to the GF Value, the intrinsic value of Impinj Inc is estimated at $122.96 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.63.
This valuation assessment is based on historical trading multiples, a GuruFocus adjustment factor related to past returns and growth, and future business performance estimates from Morningstar analysts.
The insider transaction trends and valuation metrics provide a comprehensive view of the current financial status and market perception of Impinj Inc (PI, Financial).
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
