Finance

What Recent Ownership Trends Suggest About Impinj, Inc. (PI)’s Future Performance

Recent insider trends for Impinj, Inc. (NASDAQ:PI) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of PI, the data has a lot to say about how the stock might perform going forward.

Institutions own 74.45% of Impinj, Inc. (PI)’s shares. The total value of these holdings, in millions, is $399. Among active positions in the latest quarter, 87 holders increased their positions by a total of 4.18 million shares, 60 holders decreased the positions by a total of 3.4 million shares, and 13 holders held their positions. This works out to a net increase in ownership of 778545 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 40 holders initiated new positions by a total of 1.89 million shares and 25 holders exited their positions by a total of 1.42 million shares. This nets out to an increase of 473146 shares and is a bullish sign for PI.

In the last three months, insiders executed a total of 8 trades. 1 of these were buys and 7 were sells. Insider ownership decreased by a total of 26000 shares, which suggests that PI’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 4 buys and 28 sells, and ownership decreased by a net of 1.35 million shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Impinj, Inc. (NASDAQ:PI)’s short interest is 7.07 million shares, or 49.25% of the float. This represents an increase of 9% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PI is a sell, which implies that PI is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Impinj, Inc. (NASDAQ:PI) is overvalued.

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