Aberdeen Group plc Has $2.87 Million Stock Holdings in Impinj, Inc. $PI

Key Points

• Aberdeen Group plc increased its stake in Impinj, Inc. by 26.2% in Q2, owning approximately $2.87 million worth of shares at the end of the quarter.
• Insider selling was notable, with CEO Chris Diorio selling 5,000 shares and Sylebra Capital selling 300,000 shares, indicating a 1.44% and 14.09% decrease in their holdings, respectively.
• Recent analyst ratings show a shift to optimism, with upgrades from several firms, including a price target increase from $158 to $217 by Cantor Fitzgerald, reflecting a bullish stance on Impinj's stock.

Aberdeen Group plc grew its position in Impinj, Inc. (NASDAQ:PI - Free Report) by 26.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,378 shares of the company's stock after buying an additional 5,261 shares during the quarter. Aberdeen Group plc owned approximately 0.09% of Impinj worth $2,866,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Impinj by 68.7% during the first quarter. GAMMA Investing LLC now owns 722 shares of the company's stock valued at $65,000 after buying an additional 294 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Impinj by 31.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,211 shares of the company's stock worth $1,380,000 after acquiring an additional 3,606 shares in the last quarter. Jamison Private Wealth Management Inc. boosted its position in Impinj by 56.4% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 4,127 shares of the company's stock worth $374,000 after acquiring an additional 1,489 shares during the period. Deltec Asset Management LLC purchased a new position in Impinj during the 1st quarter valued at about $336,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Impinj by 7.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company's stock valued at $741,000 after purchasing an additional 535 shares during the period.

Insiders Place Their Bets

In other Impinj news, CEO Chris Ph.D. Diorio sold 5,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $192.30, for a total value of $961,500.00. Following the completion of the transaction, the chief executive officer owned 341,109 shares of the company's stock, valued at $65,595,260.70. This represents a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sylebra Capital Llc sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total value of $58,872,000.00. Following the completion of the sale, the insider owned 1,829,260 shares of the company's stock, valued at $358,973,982.40. This represents a 14.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 324,096 shares of company stock worth $63,353,832 in the last ninety days. 12.40% of the stock is currently owned by insiders.

Impinj Trading Up 0.1%

Shares of PI stock opened at $201.43 on Friday. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $233.00. The company has a market cap of $5.86 billion, a PE ratio of 20,163.16 and a beta of 1.83. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. The business's 50 day moving average is $184.94 and its two-hundred day moving average is $134.01.

Impinj (NASDAQ:PI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.72 by $0.08. The firm had revenue of $97.89 million for the quarter, compared to the consensus estimate of $93.78 million. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The business's quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Equities analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on PI shares. Cantor Fitzgerald upped their price objective on shares of Impinj from $158.00 to $217.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Zacks Research upgraded shares of Impinj from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Piper Sandler upped their price target on shares of Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Susquehanna lifted their price objective on Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Finally, Barclays began coverage on Impinj in a research note on Tuesday, October 7th. They issued an "overweight" rating and a $200.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.00.

Impinj Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.

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