Quantbot Technologies LP Takes $1.60 Million Position in Impinj, Inc. $PI

Quantbot Technologies LP purchased a new position in Impinj, Inc. (NASDAQ:PI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 8,828 shares of the company’s stock, valued at approximately $1,596,000.

Other institutional investors have also made changes to their positions in the company. DLD Asset Management LP acquired a new position in Impinj in the second quarter valued at about $1,332,840,000. State Street Corp increased its stake in shares of Impinj by 1.4% in the 2nd quarter. State Street Corp now owns 1,215,065 shares of the company’s stock valued at $134,957,000 after acquiring an additional 16,337 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Impinj by 3.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 641,684 shares of the company’s stock valued at $71,272,000 after acquiring an additional 19,501 shares during the period. Geode Capital Management LLC raised its position in shares of Impinj by 7.7% in the 2nd quarter. Geode Capital Management LLC now owns 596,874 shares of the company’s stock valued at $66,302,000 after acquiring an additional 42,472 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Impinj by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after acquiring an additional 26,388 shares during the last quarter.

Impinj Price Performance

Shares of NASDAQ PI opened at $112.74 on Thursday. The company has a fifty day moving average price of $151.42 and a 200 day moving average price of $170.30. The firm has a market cap of $3.41 billion, a PE ratio of -289.07 and a beta of 1.56. The company has a current ratio of 2.68, a quick ratio of 2.01 and a debt-to-equity ratio of 0.88. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $247.06.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Research analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Sylebra Capital Llc sold 134,629 shares of Impinj stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $150.36, for a total value of $20,242,816.44. Following the sale, the insider directly owned 1,132,152 shares in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 369,058 shares of company stock valued at $56,016,640. Insiders own 12.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PI. UBS Group set a $155.00 target price on shares of Impinj in a research note on Friday, February 6th. Needham & Company LLC lowered their price objective on shares of Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Evercore reaffirmed an “in-line” rating and set a $112.00 price objective (down from $273.00) on shares of Impinj in a research note on Friday, February 6th. Cantor Fitzgerald decreased their target price on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Roth Mkm set a $220.00 price target on Impinj in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $173.38.

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).