Impinj (NASDAQ:PI) Director Sells 800 Shares of Stock

Impinj, Inc. (NASDAQ:PI) Director Miron Washington sold 800 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the transaction, the director directly owned 4,354 shares in the company, valued at $754,374.04. This trade represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Impinj Stock Performance

PI traded up $3.20 on Wednesday, reaching $177.59. The company had a trading volume of 360,782 shares, compared to its average volume of 543,859. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The stock has a market capitalization of $5.43 billion, a PE ratio of -193.03 and a beta of 1.92. The stock has a 50-day moving average price of $159.35 and a 200-day moving average price of $136.08.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The company had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. During the same quarter last year, the company posted $0.80 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, research analysts forecast that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on PI shares. Jefferies Financial Group raised their price target on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Needham & Company LLC decreased their price objective on Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, July 30th. BMO Capital Markets started coverage on shares of Impinj in a research report on Thursday, August 20th. They set an “outperform” rating and a $220.00 target price on the stock. Finally, Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Impinj has an average rating of “Moderate Buy” and a consensus price target of $183.30.

Institutional Trading of Impinj

A number of hedge funds have recently added to or reduced their stakes in the stock. TOP Private Wealth LLC. acquired a new position in shares of Impinj in the second quarter valued at approximately $25,000. Western Wealth Management LLC acquired a new stake in shares of Impinj during the first quarter worth $28,000. Global Retirement Partners LLC purchased a new position in Impinj in the 2nd quarter valued at $31,000. Bamco Inc. NY purchased a new position in Impinj in the 2nd quarter valued at $45,000. Finally, Kelleher Financial Advisors purchased a new position in Impinj in the 2nd quarter valued at $52,000.

Impinj Company Profile

Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company’s platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.

Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.

Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.