Insider Selling: Impinj (NASDAQ:PI) CFO Sells $264,365.00 in Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 1,429 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the transaction, the chief financial officer directly owned 88,226 shares in the company, valued at $16,321,810. The trade was a 1.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Impinj Price Performance

Shares of NASDAQ PI traded up $5.44 during mid-day trading on Wednesday, reaching $179.58. 491,849 shares of the company were exchanged, compared to its average volume of 573,664. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5.49 billion, a PE ratio of -195.20 and a beta of 1.94. The company’s 50 day moving average price is $140.69 and its 200 day moving average price is $129.83.

Impinj (NASDAQ:PI) last announced its earnings results 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. The company had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Sell-side analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Impinj

Hedge funds have recently modified their holdings of the company. Intech Investment Management LLC raised its holdings in Impinj by 63.5% in the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock worth $3,225,000 after purchasing an additional 7,194 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Impinj by 40.1% during the 1st quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock valued at $2,877,000 after purchasing an additional 8,023 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Impinj by 2,441.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock valued at $43,745,000 after purchasing an additional 409,182 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Impinj by 4,821.8% during the first quarter. Fifth Third Bancorp now owns 8,564 shares of the company’s stock valued at $880,000 after buying an additional 8,390 shares during the period. Finally, Stephens Investment Management Group LLC increased its position in shares of Impinj by 36.4% during the first quarter. Stephens Investment Management Group LLC now owns 79,531 shares of the company’s stock valued at $8,168,000 after buying an additional 21,205 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC reduced their price objective on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Impinj in a research note on Thursday, July 30th. UBS Group increased their price target on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Barclays lifted their price target on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $179.22.

About Impinj

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).