Lisanti Capital Growth LLC Invests $3.74 Million in Impinj, Inc. $PI

Lisanti Capital Growth LLC acquired a new stake in Impinj, Inc. (NASDAQ:PI) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 33,635 shares of the company’s stock, valued at approximately $3,736,000. Lisanti Capital Growth LLC owned 0.12% of Impinj as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PI. Caitong International Asset Management Co. Ltd acquired a new position in shares of Impinj in the second quarter valued at approximately $28,000. Banque Transatlantique SA bought a new stake in Impinj in the 1st quarter valued at $29,000. Harbour Investments Inc. acquired a new position in Impinj in the 2nd quarter worth $33,000. Quaker Wealth Management LLC boosted its stake in Impinj by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 300 shares of the company’s stock worth $33,000 after purchasing an additional 600 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in Impinj by 75.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock worth $36,000 after purchasing an additional 171 shares in the last quarter.

Impinj Stock Down 3.2%

PI stock opened at $163.63 on Friday. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $247.06. The business’s 50 day simple moving average is $195.09 and its 200 day simple moving average is $149.04. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $4.93 billion, a PE ratio of -371.88 and a beta of 1.83.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. The company had revenue of $96.06 million for the quarter, compared to analyst estimates of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, research analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

PI has been the subject of a number of recent research reports. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Roth Capital reiterated a “buy” rating and issued a $235.00 price target on shares of Impinj in a research note on Thursday, October 30th. Evercore ISI increased their price objective on shares of Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. UBS Group started coverage on Impinj in a research report on Friday. They issued a “neutral” rating and a $200.00 target price on the stock. Finally, Barclays increased their price target on Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Impinj currently has an average rating of “Moderate Buy” and an average price target of $226.33.

Insider Transactions at Impinj

In related news, Director Miron Washington sold 342 shares of Impinj stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $158.94, for a total transaction of $54,357.48. Following the completion of the sale, the director directly owned 2,040 shares of the company’s stock, valued at approximately $324,237.60. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total value of $768,532.48. Following the completion of the transaction, the chief executive officer directly owned 297,013 shares in the company, valued at approximately $55,728,549.19. This represents a 1.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 325,951 shares of company stock worth $63,713,831 over the last quarter. Company insiders own 12.40% of the company’s stock.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.