Impinj (NASDAQ:PI) CFO Sells 1,429 Shares

Impinj, Inc. (NASDAQ:PI – Get Free Report) CFO Cary Baker sold 1,429 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the transaction, the chief financial officer owned 88,226 shares in the company, valued at $16,321,810. This represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Impinj Stock Up 3.1%

Shares of PI traded up $5.44 during trading hours on Wednesday, reaching $179.58. 491,849 shares of the stock traded hands, 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 stock has a fifty day simple moving average of $140.69 and a 200 day simple moving average of $129.83. The company has a market cap of $5.49 billion, a price-to-earnings ratio of -195.20 and a beta of 1.94. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80.

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Impinj (NASDAQ:PI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The business had revenue of $108.37 million during the quarter, compared to the consensus estimate of $104.60 million. During the same quarter last year, the company posted $0.80 earnings per share. The firm’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. On average, equities analysts forecast that Impinj, Inc. will post 0.37 EPS for the current year.

Analysts Set New Price Targets

PI has been the topic of a number of recent research reports. Evercore set a $144.00 price target on shares of Impinj in a research note on Thursday, April 30th. UBS Group lifted their price objective on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Needham & Company LLC lowered their target price on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Zacks Research upgraded Impinj from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $179.22.

View Our Latest Report on PI

Institutional Investors Weigh In On Impinj

Several large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after acquiring an additional 140 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Impinj by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after purchasing an additional 26,388 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Impinj during the first quarter worth about $223,000. Intech Investment Management LLC increased its position in shares of Impinj by 29.6% in the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,812 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Impinj in the second quarter worth approximately $3,833,000.

About Impinj

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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).

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