Formula Growth Ltd. Makes New Investment in Impinj, Inc. $PI

Formula Growth Ltd. purchased a new stake in Impinj, Inc. (NASDAQ:PI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,500 shares of the company’s stock, valued at approximately $1,361,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Impinj during the 2nd quarter worth approximately $637,286,000. Vanguard Group Inc. grew its holdings in Impinj by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock valued at $603,110,000 after buying an additional 85,882 shares during the last quarter. Invesco Ltd. grew its holdings in Impinj by 6.5% during the 4th quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock valued at $224,104,000 after buying an additional 78,587 shares during the last quarter. State Street Corp increased its position in Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after buying an additional 124,792 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position 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 worth $120,519,000 after buying an additional 18,263 shares in the last quarter.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the sale, the director directly owned 782,943 shares of the company’s stock, valued at approximately $99,715,620.48. This trade represents a 1.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the sale, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. This trade represents a 1.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 192,153 shares of company stock worth $25,561,723. 6.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PI. Needham & Company LLC reduced their price objective on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Barclays lifted their price objective on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. BMO Capital Markets began coverage on shares of Impinj in a research note on Thursday, August 20th. They issued an “outperform” rating and a $220.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of Impinj in a report on Thursday, July 30th. Finally, Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.30.

Impinj Trading Up 5.5%

Shares of Impinj stock opened at $168.07 on Friday. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The firm has a market cap of $5.13 billion, a PE ratio of -182.68 and a beta of 1.94. The business’s fifty day moving average is $149.94 and its two-hundred day moving average is $131.21. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $108.37 million for the quarter, compared to analysts’ expectations of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Analysts anticipate that Impinj, Inc. will post 0.37 earnings per share for the current year.

About Impinj

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).