Insider Selling: Impinj (NASDAQ:PI) CFO Sells $264,365.00 in Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 1,429 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the sale, the chief financial officer directly owned 88,226 shares in the company, valued at $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Impinj Stock Down 3.4%

Shares of NASDAQ:PI opened at $172.65 on Friday. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The business has a 50 day simple moving average of $143.42 and a two-hundred day simple moving average of $130.40. The firm has a market capitalization of $5.27 billion, a PE ratio of -187.66 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $104.60 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The company’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 predict that Impinj, Inc. will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Impinj

Several hedge funds have recently made changes to their positions in PI. Advisors Asset Management Inc. raised its holdings in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Impinj by 10.4% in the first 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 period. Focus Partners Wealth bought a new position in Impinj during the 1st quarter worth about $223,000. Intech Investment Management LLC increased its position in Impinj by 29.6% during the 1st 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 during the period. Finally, Marshall Wace LLP purchased a new position in Impinj during the 2nd quarter valued at about $3,833,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group lifted their target price on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Impinj in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Barclays boosted their price objective on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.22.

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).