Lisanti Capital Growth LLC Buys New Stake in Impinj, Inc. $PI

Lisanti Capital Growth LLC acquired a new stake in Impinj, Inc. (NASDAQ:PI) in the 2nd quarter, HoldingsChannel reports. The fund acquired 5,595 shares of the company’s stock, valued at approximately $801,000.

A number of other hedge funds have also recently modified their holdings of PI. Swiss Life Asset Management Ltd boosted its position in Impinj by 7.6% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock worth $226,000 after purchasing an additional 92 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Impinj by 4.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock valued at $429,000 after purchasing an additional 97 shares in the last quarter. Xponance LLC increased its holdings in shares of Impinj by 4.9% during the 4th quarter. Xponance LLC now owns 2,138 shares of the company’s stock valued at $372,000 after purchasing an additional 99 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Impinj by 41.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after purchasing an additional 100 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Impinj by 35.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock valued at $65,000 after purchasing an additional 100 shares during the period.

Insider Activity

In other news, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the sale, the chief financial officer directly owned 88,226 shares of the company’s stock, valued at approximately $16,321,810. The trade was a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the transaction, the director owned 782,943 shares of the company’s stock, valued at approximately $99,715,620.48. This represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 240,657 shares of company stock worth $32,875,156. 6.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Evercore set a $144.00 target price on shares of Impinj in a research note on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of Impinj in a research note on Thursday, July 30th. Barclays lifted their price target on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. UBS Group upped their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.22.

Impinj Stock Performance

NASDAQ:PI opened at $164.98 on Thursday. The company has a market cap of $5.04 billion, a P/E ratio of -179.33 and a beta of 1.94. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The company’s 50-day moving average price is $145.97 and its 200-day moving average price is $130.41. 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 (NASDAQ:PI) last issued its 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. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The company had revenue of $108.37 million during the quarter, compared to analysts’ expectations of $104.60 million. During the same period in the prior year, the business earned $0.80 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, sell-side analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

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).