Algert Global LLC Sells 2,470 Shares of Impinj, Inc. $PI

Key Points

• Algert Global LLC reduced its holdings in Impinj, Inc. by 11.6%, selling 2,470 shares, while still owning 18,832 shares valued at approximately $1.7 million.
• Several hedge funds increased their stakes, with Janus Henderson Group PLC boosting its position by an impressive 3,824.4% during the fourth quarter, amounting to about $63.3 million.
• Analysts have shown positive sentiments, with multiple upgrades to Impinj's price targets, now averaging $163.29, and a consensus rating of "Moderate Buy".

Algert Global LLC trimmed its holdings in Impinj, Inc. (NASDAQ:PI - Free Report) by 11.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,832 shares of the company's stock after selling 2,470 shares during the quarter. Algert Global LLC owned 0.06% of Impinj worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PI. Janus Henderson Group PLC boosted its position in shares of Impinj by 3,824.4% in the fourth quarter. Janus Henderson Group PLC now owns 435,960 shares of the company's stock valued at $63,310,000 after acquiring an additional 424,851 shares during the period. Sylebra Capital LLC boosted its position in shares of Impinj by 8.6% in the fourth quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company's stock valued at $504,360,000 after acquiring an additional 274,764 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Impinj in the fourth quarter valued at approximately $30,697,000. Price T Rowe Associates Inc. MD boosted its position in shares of Impinj by 244.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 219,081 shares of the company's stock valued at $31,825,000 after acquiring an additional 155,543 shares during the period. Finally, Driehaus Capital Management LLC boosted its position in shares of Impinj by 176.0% in the fourth quarter. Driehaus Capital Management LLC now owns 213,714 shares of the company's stock valued at $31,044,000 after acquiring an additional 136,277 shares during the period.

Analyst Upgrades and Downgrades

PI has been the topic of a number of research reports. Cantor Fitzgerald boosted their price objective on Impinj from $133.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Susquehanna boosted 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. Needham & Company LLC boosted their price objective on Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Piper Sandler boosted their price objective on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Evercore ISI boosted their price objective on Impinj from $99.00 to $117.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $163.29.

Impinj Price Performance

Impinj stock opened at $168.21 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. The company has a market capitalization of $4.89 billion, a PE ratio of 16,837.84 and a beta of 1.74. Impinj, Inc. has a one year low of $60.85 and a one year high of $239.88. The business has a 50 day simple moving average of $128.90 and a 200 day simple moving average of $108.03.

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

About Impinj

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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