Insider Selling: Impinj (NASDAQ:PI) CFO Sells 8,892 Shares of Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 8,892 shares of Impinj stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the sale, the chief financial officer owned 80,388 shares of the company’s stock, valued at approximately $14,871,780. The trade was a 9.96% decrease in their ownership of the stock. 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.

Cary Baker also recently made the following trade(s):

• On Monday, August 10th, Cary Baker sold 1,429 shares of Impinj stock. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00.

Impinj Stock Performance

Shares of NASDAQ:PI traded up $2.81 during midday trading on Monday, reaching $184.04. The company’s stock had a trading volume of 226,055 shares, compared to its average volume of 541,255. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average of $161.49 and a 200 day moving average of $137.29. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The firm has a market capitalization of $5.62 billion, a PE ratio of -200.04 and a beta of 1.92.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $108.37 million during the quarter, compared to the consensus estimate of $104.60 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue 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, equities analysts expect that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Needham & Company LLC reduced their price target on Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of Impinj in a report on Thursday, July 30th. BMO Capital Markets began coverage on Impinj in a research report on Thursday, August 20th. They issued an “outperform” rating and a $220.00 price objective on the stock. Finally, Jefferies Financial Group raised their price objective on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $183.30.

Hedge Funds Weigh In On Impinj

Several institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC lifted its position in shares of Impinj by 63.5% during the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock valued at $3,225,000 after buying an additional 7,194 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Impinj by 40.1% in the 1st quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock worth $2,877,000 after acquiring an additional 8,023 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Impinj by 2,441.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after acquiring an additional 409,182 shares in the last quarter. BlackRock Inc. acquired a new position in Impinj during the second quarter worth $637,286,000. Finally, Polar Asset Management Partners Inc. lifted its holdings in Impinj by 25.6% during the first quarter. Polar Asset Management Partners Inc. now owns 136,656 shares of the company’s stock valued at $14,035,000 after purchasing an additional 27,845 shares in the last quarter.

About Impinj

Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company’s platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.

Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.

Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.