Impinj (NASDAQ:PI) CFO Sells 8,892 Shares

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 8,892 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 80,388 shares in the company, valued at $14,871,780. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 value of $264,365.00.

Impinj Price Performance

Shares of Impinj stock traded up $2.81 during mid-day trading on Monday, reaching $184.04. 226,055 shares of the stock traded hands, compared to its average volume of 541,255. The stock has a market capitalization of $5.62 billion, a PE ratio of -200.04 and a beta of 1.92. The business has a 50-day moving average of $161.49 and a 200 day moving average of $137.29. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. 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 issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $104.60 million. During the same period in the previous year, the company posted $0.80 earnings per share. The business’s 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, analysts predict that Impinj, Inc. will post 0.37 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PI shares. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Needham & Company LLC lowered their price target on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group upped 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 shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of Impinj 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $183.30.

Institutional Trading of Impinj

Institutional investors have recently made changes to their positions in the company. Tidal Investments LLC grew its position in Impinj by 15.8% in the second quarter. Tidal Investments LLC now owns 110,251 shares of the company’s stock worth $15,791,000 after acquiring an additional 15,046 shares during the period. Squarepoint Ops LLC raised its position in Impinj by 120.3% in the second quarter. Squarepoint Ops LLC now owns 116,850 shares of the company’s stock valued at $16,736,000 after purchasing an additional 63,798 shares during the period. Arizona State Retirement System raised its position in Impinj by 1.6% in the second quarter. Arizona State Retirement System now owns 7,984 shares of the company’s stock valued at $1,144,000 after purchasing an additional 128 shares during the period. Nykredit A S acquired a new position in shares of Impinj in the 2nd quarter valued at $145,000. Finally, Corient Private Wealth LP lifted its stake in shares of Impinj by 7.7% in the 2nd quarter. Corient Private Wealth LP now owns 3,868 shares of the company’s stock valued at $554,000 after purchasing an additional 276 shares during the last quarter.

Impinj Company Profile

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.