Impinj, Inc. $PI Shares Sold by Toronado Partners LLC

Toronado Partners LLC cut its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 8.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,441 shares of the company’s stock after selling 19,332 shares during the period. Impinj makes up 15.6% of Toronado Partners LLC’s holdings, making the stock its 2nd biggest holding. Toronado Partners LLC owned 0.68% of Impinj worth $21,930,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PI. Dakota Wealth Management purchased a new position in Impinj during the second quarter worth about $233,000. DNB Asset Management AS lifted its position in shares of Impinj by 39.6% during the 2nd quarter. DNB Asset Management AS now owns 7,306 shares of the company’s stock worth $811,000 after buying an additional 2,073 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Impinj by 71.1% in the 2nd quarter. Truist Financial Corp now owns 9,065 shares of the company’s stock worth $1,007,000 after buying an additional 3,768 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Impinj in the second quarter valued at approximately $230,000. Finally, Northern Trust Corp grew its holdings in shares of Impinj by 0.4% in the first quarter. Northern Trust Corp now owns 251,891 shares of the company’s stock valued at $22,847,000 after acquiring an additional 953 shares in the last quarter.

Analysts Set New Price Targets

PI has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Roth Capital reiterated a “buy” rating and set a $235.00 target price on shares of Impinj in a research note on Thursday, October 30th. UBS Group assumed coverage on shares of Impinj in a research report on Friday, November 7th. They set a “neutral” rating and a $200.00 price target for the company. Susquehanna set a $255.00 price objective on shares of Impinj in a report on Thursday, October 30th. Finally, Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Impinj currently has an average rating of “Moderate Buy” and an average price target of $226.33.

Impinj Trading Down 0.6%

Shares of PI opened at $171.73 on Friday. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $247.06. The business has a 50-day moving average of $184.61 and a 200 day moving average of $155.24. The firm has a market cap of $5.17 billion, a P/E ratio of -390.28 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The business had revenue of $96.06 million for the quarter, compared to the consensus estimate of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Activity at Impinj

In related news, insider Sylebra Capital Llc sold 300,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 1,829,260 shares of the company’s stock, valued at approximately $358,973,982.40. This trade represents a 14.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $192.30, for a total transaction of $961,500.00. Following the sale, the chief executive officer directly owned 341,109 shares in the company, valued at $65,595,260.70. The trade was a 1.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 473,315 shares of company stock valued at $87,591,517. 12.40% of the stock is owned by insiders.

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.