Allspring Global Investments Holdings LLC Buys 19,948 Shares of Impinj, Inc. $PI

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Impinj, Inc. by 8.2% during Q2, now owning 264,047 shares valued at approximately $29.6 million.
• Recent insider activity includes Sylebra Capital LLC selling 300,000 shares worth over $58 million, resulting in a 14.09% decrease in their ownership.
• Analysts have a consensus rating of "Moderate Buy" for Impinj, with price targets ranging from $179.00 to $217.00, reflecting confidence in the company's performance despite a 4.5% year-over-year revenue decline.

Allspring Global Investments Holdings LLC increased its stake in Impinj, Inc. (NASDAQ:PI - Free Report) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,047 shares of the company's stock after buying an additional 19,948 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.91% of Impinj worth $29,576,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Banque Transatlantique SA bought a new stake in Impinj in the first quarter worth $29,000. SBI Securities Co. Ltd. lifted its position in Impinj by 75.3% in the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock worth $36,000 after buying an additional 171 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Impinj in the first quarter worth $43,000. Ameritas Advisory Services LLC bought a new stake in Impinj in the second quarter worth $43,000. Finally, Advisors Asset Management Inc. lifted its position in Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock worth $45,000 after buying an additional 140 shares during the last quarter.

Insider Activity

In other Impinj news, insider Sylebra Capital Llc sold 300,000 shares of Impinj stock in a transaction dated 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 transaction, the insider owned 1,829,260 shares in the company, valued at $358,973,982.40. The trade was a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction dated Monday, September 8th. The shares were 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 in the company, valued at $65,595,260.70. This trade represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 324,096 shares of company stock worth $63,353,832 in the last quarter. 12.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $195.00 price target on shares of Impinj in a research report on Monday, September 15th. Barclays initiated coverage on Impinj in a research report on Tuesday, October 7th. They issued an "overweight" rating and a $200.00 price target for the company. Piper Sandler lifted their target price on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Cantor Fitzgerald lifted their target price on Impinj from $158.00 to $217.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Impinj in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $179.00.

Impinj Stock Performance

PI stock opened at $198.93 on Thursday. 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 business has a 50-day moving average price of $183.12 and a 200 day moving average price of $132.47. The company has a market capitalization of $5.79 billion, a P/E ratio of 19,912.91 and a beta of 1.83. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $238.98.

Impinj (NASDAQ:PI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The firm had revenue of $97.89 million during the quarter, compared to the consensus estimate of $93.78 million. During the same period in the previous year, the company posted $0.83 earnings per share. The firm's quarterly revenue was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, equities research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Impinj Company 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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