3,667 Shares in Impinj, Inc. $PI Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in shares of Impinj, Inc. (NASDAQ:PIFree Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,667 shares of the company’s stock, valued at approximately $525,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PI. BlackRock Inc. acquired a new position in shares of Impinj during the 2nd quarter valued at about $637,286,000. Vanguard Group Inc. boosted its position in Impinj by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock worth $603,110,000 after purchasing an additional 85,882 shares during the period. Invesco Ltd. boosted its position in Impinj by 6.5% during the fourth quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock worth $224,104,000 after purchasing an additional 78,587 shares during the period. State Street Corp grew its holdings in Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after purchasing an additional 124,792 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Impinj by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock valued at $120,519,000 after purchasing an additional 18,263 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PI. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. UBS Group boosted their price objective on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Evercore set a $144.00 target price on Impinj in a report on Thursday, April 30th. Finally, BMO Capital Markets started coverage on Impinj in a research report on Thursday, August 20th. They issued an “outperform” rating and a $220.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $183.30.

View Our Latest Stock Analysis on PI

Insider Buying and Selling at Impinj

In other Impinj news, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the sale, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. The trade was a 1.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 48,504 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the completion of the transaction, the director owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. This represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 240,657 shares of company stock valued at $32,875,156. 6.80% of the stock is owned by company insiders.

Impinj Stock Up 3.2%

NASDAQ PI opened at $166.22 on Wednesday. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The stock has a market cap of $5.08 billion, a PE ratio of -180.67 and a beta of 1.94. The firm has a 50-day simple moving average of $148.44 and a 200 day simple moving average of $130.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28.

Impinj (NASDAQ:PIGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, beating 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 firm had revenue of $108.37 million during the quarter, compared to analysts’ expectations of $104.60 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, research analysts forecast that Impinj, Inc. will post 0.37 EPS for the current year.

Impinj Profile

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for Impinj (NASDAQ:PI)

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