Man Group plc Invests $7 Million in Impinj, Inc. $PI

Man Group plc acquired a new position in shares of Impinj, Inc. (NASDAQ:PI) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 48,836 shares of the company’s stock, valued at approximately $6,995,000. Man Group plc owned approximately 0.16% of Impinj as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PI. Western Wealth Management LLC purchased a new position in shares of Impinj during the first quarter worth about $28,000. Global Retirement Partners LLC purchased a new stake in shares of Impinj in the 2nd quarter valued at about $31,000. Danske Bank A S purchased a new stake in shares of Impinj in the 4th quarter valued at about $35,000. Advisors Asset Management Inc. boosted its position in shares of Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 shares during the period. Finally, Kelleher Financial Advisors acquired a new stake in shares of Impinj in the 2nd quarter valued at about $52,000.

Impinj Stock Up 1.2%

Shares of NASDAQ PI opened at $170.06 on Friday. The firm’s 50-day moving average is $150.77 and its two-hundred day moving average is $131.48. The company has a market capitalization of $5.20 billion, a PE ratio of -184.85 and a beta of 1.94. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06. 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 posted its quarterly earnings data 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 business had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. During the same quarter last year, the company earned $0.80 earnings per share. 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. Equities analysts anticipate that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sylebra Capital Llc sold 12,105 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the sale, the director owned 782,943 shares of the company’s stock, valued at approximately $99,715,620.48. This represents a 1.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cary Baker sold 1,429 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the sale, the chief financial officer directly owned 88,226 shares of the company’s stock, valued at approximately $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 192,153 shares of company stock valued at $25,561,723. 6.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PI has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price objective on shares of Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Impinj 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. Finally, Zacks Research upgraded Impinj from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.30.

Impinj 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).