COO sells 10,000 shares at $204.75 blended average; stock now -19.6% from 52-week high at $191.72
Mecklai Hussein, Chief Operating Officer of Impinj Inc, executed two separate sales totaling 10,000 shares for $2,047,526.52 on 2024-10-28, reducing holdings by 14.4% from 69.6K to 59.6K shares. The sales occurred at a blended average price of $204.75, which is 6.8% above the current price of $191.72, suggesting Hussein was selling into relative strength. His prior trades at Impinj show a concerning pattern: zero of five prior same-ticker sells were well-timed at the 90-day mark, with returns ranging from +0.9% to +67.6% at 90 days, indicating the stock has risen after his prior exits. More broadly, Hussein's cross-ticker track record shows a 90d well-timed rate of 0.00%, meaning none of his seven prior open-market sells across all tickers were followed by price declines. While the company posted strong revenue growth of +19.3% year-over-year and $95.2M in the latest quarter, it was unprofitable over its most recent full fiscal year and carries a steep P/E of 191.72, reflecting elevated valuation relative to fundamentals.