Impinj (NASDAQ:PI) Director Sells $138,608.00 in Stock

Impinj, Inc. (NASDAQ:PI) Director Miron Washington sold 800 shares of Impinj stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total value of $138,608.00. Following the completion of the transaction, the director owned 4,354 shares in the company, valued at approximately $754,374.04. This represents a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Impinj Stock Up 0.8%

PI stock opened at $181.23 on Friday. The stock has a market capitalization of $5.54 billion, a P/E ratio of -196.99 and a beta of 1.92. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The firm has a 50-day moving average price of $161.49 and a 200-day moving average price of $137.17.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities research analysts anticipate that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on PI shares. Jefferies Financial Group increased their price target on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Zacks Research cut Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Needham & Company LLC cut their price target on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, BMO Capital Markets started coverage on Impinj in a report on Thursday, August 20th. They set an “outperform” rating and a $220.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $183.30.

Institutional Trading of Impinj

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC lifted its stake in shares of Impinj by 63.5% in the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock valued at $3,225,000 after purchasing an additional 7,194 shares during the period. Janus Henderson Group PLC lifted its stake in Impinj by 40.1% in the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock valued at $2,877,000 after buying an additional 8,023 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Impinj by 2,441.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after buying an additional 409,182 shares in the last quarter. BlackRock Inc. bought a new position in shares of Impinj during the 2nd quarter worth approximately $637,286,000. Finally, Polar Asset Management Partners Inc. increased its stake in shares of Impinj by 25.6% in the 1st quarter. Polar Asset Management Partners Inc. now owns 136,656 shares of the company’s stock valued at $14,035,000 after acquiring an additional 27,845 shares in the last quarter.

About Impinj

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.