Impinj (NASDAQ:PI) Trading Up 5.2% – Here’s What Happened

Impinj, Inc. (NASDAQ:PI)’s stock price shot up 5.2% during trading on Friday . The stock traded as high as $179.55 and last traded at $176.80. 31,466 shares were traded during trading, a decline of 94% from the average session volume of 553,580 shares. The stock had previously closed at $168.07.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC cut their target price on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price objective on shares of Impinj in a research report on Thursday, July 30th. Evercore set a $144.00 price target on shares of Impinj in a research note on Thursday, April 30th. Finally, BMO Capital Markets started coverage on shares of Impinj in a research report on Thursday, August 20th. They issued an “outperform” rating and a $220.00 price objective for the company. 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 given a Sell rating to the stock. According to MarketBeat.com, Impinj currently has a consensus rating of “Moderate Buy” and an average target price of $183.30.

Impinj Trading Up 0.7%

The firm has a market cap of $5.17 billion, a price-to-earnings ratio of -183.91 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The business has a fifty day moving average of $149.94 and a two-hundred day moving average of $131.21.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping 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 analyst estimates of $104.60 million. During the same period in the prior year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Transactions at Impinj

In other news, 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 transaction, the chief financial officer owned 88,226 shares of the company’s stock, valued at approximately $16,321,810. This represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the transaction, the director directly owned 782,943 shares in the company, valued at $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 192,153 shares of company stock valued at $25,561,723 in the last ninety days. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. TOP Private Wealth LLC. acquired a new position in Impinj in the 2nd quarter valued at $25,000. Western Wealth Management LLC bought a new stake in shares of Impinj in the first quarter valued at about $28,000. Global Retirement Partners LLC acquired a new position in shares of Impinj in the second quarter valued at about $31,000. Danske Bank A S bought a new position in Impinj during the fourth quarter worth about $35,000. Finally, Bamco Inc. NY acquired a new stake in Impinj in the 2nd quarter worth about $45,000.

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).