Impinj (NASDAQ:PI) Director Meera Rao Sells 1,729 Shares of Company Stock

Impinj, Inc. (NASDAQ:PI) Director Meera Rao sold 1,729 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $201.60, for a total value of $348,566.40. Following the completion of the sale, the director directly owned 9,593 shares in the company, valued at approximately $1,933,948.80. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Impinj Trading Down 1.6%

NASDAQ PI traded down $2.89 during trading on Friday, hitting $179.66. The stock had a trading volume of 411,100 shares, compared to its average volume of 529,532. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $215.25. The company has a market capitalization of $5.49 billion, a PE ratio of -544.41 and a beta of 1.94. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average price of $176.48 and a 200 day moving average price of $144.47.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 28th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08. Impinj had a negative net margin of 2.45% and a positive return on equity of 7.32%. The company had revenue of $112.08 million for the quarter, compared to analyst estimates of $107.16 million. During the same period in the previous year, the firm earned $0.58 EPS. The business’s revenue was up 16.7% on a year-over-year basis. As a group, equities research analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Susquehanna boosted their target price on Impinj from $175.00 to $225.00 and gave the company a “positive” rating in a research note on Thursday. Jefferies Financial Group increased their price target on shares of Impinj from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. Barclays lifted their target price on shares of Impinj from $176.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Zacks Research lowered shares of Impinj from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Impinj in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.40.

Institutional Investors Weigh In On Impinj

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Impinj during the second quarter valued at about $637,286,000. The Manufacturers Life Insurance Company bought a new stake in Impinj in the second quarter valued at approximately $95,867,000. William Blair Investment Management LLC acquired a new position in Impinj during the second quarter worth $42,514,000. AWM Investment Company Inc. purchased a new stake in Impinj during the second quarter worth about $29,651,000. Finally, Bank of New York Mellon Corp bought a new position in Impinj in the 2nd quarter worth about $23,191,000.

Key Impinj News

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Impinj reported earnings of $0.69 per share, above the $0.61 consensus estimate and up from $0.58 a year earlier. Revenue reached approximately $112.1 million, exceeding the $107.2 million forecast and increasing 16.7% year over year. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter guidance was well above Wall Street expectations. Impinj forecast adjusted EPS of $0.55-$0.60, compared with the consensus estimate of a $0.04 loss, and revenue of $104 million-$107 million versus expectations of $99.3 million. Management cited strong M800 endpoint IC demand and a ramp in back-end production capacity. Impinj Q4 Outlook
• Positive Sentiment: Analysts raised their targets. Susquehanna lifted its target to $225 and assigned a positive rating, while Needham raised its target to $195 and maintained a buy rating. These actions reflect improved confidence in Impinj’s growth and margin expansion prospects.
• Neutral Sentiment: Analyst opinion remains mixed. UBS raised its target modestly to $180 but retained a neutral rating. Another analyst upgraded Impinj from bearish to hold, acknowledging improving revenue growth while warning that valuation remains demanding.
• Negative Sentiment: Valuation is a key risk. Impinj trades near the upper end of its annual range, with a very high price-to-earnings multiple and limited room for execution disappointments. The wide gap between analyst targets also signals uncertainty over how much of the expected growth is already reflected in PI shares.

About Impinj

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.