Aries Wealth Management Decreases Stock Holdings in Impinj, Inc. $PI

Aries Wealth Management decreased its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 2.5% during the second quarter, Holdings Channel.com reports. The firm owned 5,000 shares of the company’s stock after selling 130 shares during the period. Aries Wealth Management’s holdings in Impinj were worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Advisors Asset Management Inc. raised its stake in Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in Impinj by 2.5% during the second quarter. Maryland State Retirement & Pension System now owns 6,899 shares of the company’s stock valued at $766,000 after purchasing an additional 167 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in Impinj by 75.3% during the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock valued at $36,000 after purchasing an additional 171 shares in the last quarter. CWM LLC raised its stake in Impinj by 3.3% during the first quarter. CWM LLC now owns 5,818 shares of the company’s stock valued at $528,000 after purchasing an additional 185 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in Impinj by 2.6% during the second quarter. Yousif Capital Management LLC now owns 8,752 shares of the company’s stock valued at $972,000 after purchasing an additional 219 shares in the last quarter.

Impinj Trading Up 0.7%

NASDAQ PI opened at $197.85 on Wednesday. The company’s 50-day moving average price is $182.34 and its 200-day moving average price is $132.01. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51. The stock has a market cap of $5.76 billion, a PE ratio of 19,804.80 and a beta of 1.83. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $238.98.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. The firm had revenue of $97.89 million for the quarter, compared to analysts’ expectations of $93.78 million. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Equities research analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Transactions at Impinj

In other news, insider Sylebra Capital Llc sold 300,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total value of $58,872,000.00. Following the transaction, the insider directly owned 1,829,260 shares in the company, valued at approximately $358,973,982.40. This represents a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $192.30, for a total transaction of $961,500.00. Following the transaction, the chief executive officer owned 341,109 shares in the company, valued at approximately $65,595,260.70. The trade was a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 324,096 shares of company stock worth $63,353,832. Company insiders own 51.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PI. Cantor Fitzgerald upped their price target on shares of Impinj from $158.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Piper Sandler increased their target price on shares of Impinj from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research note on Wednesday, October 8th. Susquehanna increased their target price on shares of Impinj from $130.00 to $140.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Finally, Barclays assumed coverage on shares of Impinj in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $200.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.