Impinj (NASDAQ:PI) Shares Gap Down – Here’s What Happened

Impinj, Inc. (NASDAQ:PI)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $199.54, but opened at $192.28. Impinj shares last traded at $188.2980, with a volume of 127,664 shares changing hands.

Analysts Set New Price Targets

PI has been the topic of several recent research reports. Evercore ISI raised their price target on Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Barclays increased their price target on Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. Roth Capital restated a “buy” rating and issued a $235.00 price target on shares of Impinj in a research report on Thursday, October 30th. Finally, Cantor Fitzgerald upped their target price on Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Impinj presently has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Impinj Trading Down 5.7%

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.97 and a current ratio of 2.67. The business has a fifty day moving average of $167.76 and a 200-day moving average of $169.47. The company has a market capitalization of $4.88 billion, a P/E ratio of -368.01 and a beta of 1.52.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. The firm had revenue of $96.06 million during the quarter, compared to analysts’ expectations of $92.71 million. During the same period last year, the company earned $0.56 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Impinj

In related news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 697,450 shares of company stock worth $110,643,153. Insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PI. Advisors Asset Management Inc. boosted its position in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Impinj by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after acquiring an additional 26,388 shares during the last quarter. Focus Partners Wealth purchased a new position in Impinj in the first quarter worth $223,000. Intech Investment Management LLC raised its position in Impinj by 29.6% during the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after purchasing an additional 3,812 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Impinj by 5.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,064 shares of the company’s stock worth $1,861,000 after purchasing an additional 853 shares during the last quarter.

Impinj Company Profile

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).