Impinj (NASDAQ:PI) Director Meera Rao Sells 1,729 Shares of Company Stock

Impinj, Inc. (NASDAQ:PI) Director Meera Rao sold 1,729 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $201.60, for a total value of $348,566.40. Following the completion of the sale, the director owned 9,593 shares of the company’s stock, valued at $1,933,948.80. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Impinj Trading Down 1.6%

Shares of PI stock opened at $179.66 on Friday. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $215.25. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 380.31 and a beta of 1.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 9.42 and a quick ratio of 2.29. The stock has a 50 day simple moving average of $176.87 and a 200-day simple moving average of $144.35.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The firm had revenue of $112.08 million for the quarter, compared to analysts’ expectations of $107.16 million. Impinj had a negative net margin of 2.45% and a positive return on equity of 6.65%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. On average, equities research analysts expect that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Institutional Trading of Impinj

Several large investors have recently bought and sold shares of PI. Oregon Public Employees Retirement Fund increased its position in shares of Impinj by 5.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 6,486 shares of the company’s stock worth $1,163,000 after acquiring an additional 315 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Impinj by 126.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,300 shares of the company’s stock valued at $771,000 after purchasing an additional 2,400 shares during the period. D.A. Davidson & CO. boosted its holdings in Impinj by 5.6% in the third quarter. D.A. Davidson & CO. now owns 13,147 shares of the company’s stock valued at $2,357,000 after purchasing an additional 700 shares during the period. Verdence Capital Advisors LLC acquired a new position in Impinj during the 3rd quarter worth $223,000. Finally, Apollon Wealth Management LLC grew its stake in Impinj by 70.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,149 shares of the company’s stock worth $565,000 after purchasing an additional 1,297 shares in the last quarter.

Analyst Upgrades and Downgrades

PI has been the topic of a number of research reports. Barclays raised their price target on shares of Impinj from $176.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Susquehanna boosted their price objective on Impinj from $175.00 to $225.00 and gave the stock a “positive” rating in a research note on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a report on Wednesday. Jefferies Financial Group increased their target price on Impinj from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday. Finally, Needham & Company LLC raised their target price on Impinj from $168.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Impinj has a consensus rating of “Moderate Buy” and a consensus target price of $194.40.

Key Impinj News

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Impinj reported earnings of $0.69 per share, above the $0.61 consensus estimate and up from $0.58 a year earlier. Revenue reached approximately $112.1 million, exceeding the $107.2 million forecast and increasing 16.7% year over year. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter guidance was well above Wall Street expectations. Impinj forecast adjusted EPS of $0.55-$0.60, compared with the consensus estimate of a $0.04 loss, and revenue of $104 million-$107 million versus expectations of $99.3 million. Management cited strong M800 endpoint IC demand and a ramp in back-end production capacity. Impinj Q4 Outlook
• Positive Sentiment: Analysts raised their targets. Susquehanna lifted its target to $225 and assigned a positive rating, while Needham raised its target to $195 and maintained a buy rating. These actions reflect improved confidence in Impinj’s growth and margin expansion prospects.
• Neutral Sentiment: Analyst opinion remains mixed. UBS raised its target modestly to $180 but retained a neutral rating. Another analyst upgraded Impinj from bearish to hold, acknowledging improving revenue growth while warning that valuation remains demanding.
• Negative Sentiment: Valuation is a key risk. Impinj trades near the upper end of its annual range, with a very high price-to-earnings multiple and limited room for execution disappointments. The wide gap between analyst targets also signals uncertainty over how much of the expected growth is already reflected in PI shares.

About Impinj

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.