Chief Innovation Officer Phelan sells 11,549 shares ($2.3M) in 3 transactions at avg $200.81
Cathal Phelan, Chief Innovation Officer at Impinj, executed 3 separate sales totaling 11,549 shares for $2,319,190.86 on 2024-11-08, reducing his holdings by 65.4% to 6,098 shares. The blended average price of $200.81 falls near the current price of $203.56, indicating execution within recent trading range. Impinj is growing revenue at 19.3% annually and generated $95.2M in latest quarterly revenue, but carries a high valuation multiple (P/E of 203.56) and remains unprofitable on a full-year basis. Phelan's prior 5 sales at Impinj all showed positive 90-day returns (ranging 3.6% to 13.6%), meaning the stock rose after each sale—a pattern of poorly-timed exits. His cross-ticker selling history shows 0% well-timed rate across 6 prior sales, with an average 90-day return of +15.4%, suggesting a consistent pattern of selling ahead of continued appreciation rather than ahead of declines.