Impinj (NASDAQ:PI) CFO Sells $1,645,020.00 in Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 8,892 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $185.00, for a total value of $1,645,020.00. Following the transaction, the chief financial officer owned 80,388 shares in the company, valued at approximately $14,871,780. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cary Baker also recently made the following trade(s):

• On Monday, August 10th, Cary Baker sold 1,429 shares of Impinj stock. The shares were sold at an average price of $185.00, for a total value of $264,365.00.

Impinj Stock Performance

PI opened at $177.20 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. Impinj, Inc. has a 52-week low of $87.36 and a 52-week high of $247.06. The firm has a market cap of $5.41 billion, a P/E ratio of -192.61 and a beta of 1.92. The business’s fifty day moving average is $163.65 and its 200-day moving average is $138.80.

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

Institutional Investors Weigh In On Impinj

Several hedge funds and other institutional investors have recently made changes to their positions in PI. Arizona State Retirement System increased its holdings in Impinj by 1.6% in the second quarter. Arizona State Retirement System now owns 7,984 shares of the company’s stock valued at $1,144,000 after purchasing an additional 128 shares during the period. Kennedy Capital Management LLC lifted its position in shares of Impinj by 0.5% in the 4th quarter. Kennedy Capital Management LLC now owns 28,169 shares of the company’s stock worth $4,902,000 after purchasing an additional 147 shares during the period. SFE Investment Counsel boosted its stake in shares of Impinj by 4.6% in the 1st quarter. SFE Investment Counsel now owns 3,525 shares of the company’s stock valued at $362,000 after purchasing an additional 155 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Impinj by 5.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,081 shares of the company’s stock valued at $316,000 after purchasing an additional 157 shares during the last quarter. Finally, TOP Private Wealth LLC. acquired a new stake in shares of Impinj during the second quarter worth $25,000.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PI. Weiss Ratings upgraded shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Zacks Research cut Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Needham & Company LLC decreased 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, Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of Impinj in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.30.

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.