Dakota Wealth Management Makes New Investment in Impinj, Inc. $PI

Key Points

• Dakota Wealth Management acquired 2,097 shares of Impinj, Inc. valued at approximately $233,000 in the second quarter, indicating growing institutional interest in the company.
• Impinj reported a quarterly earnings per share of $0.80, exceeding estimates, although revenue decreased by 4.5% year-over-year.
• Wall Street analysts have positive outlooks for Impinj, with price targets ramping up, including an "overweight" rating from Cantor Fitzgerald with a target of $158.00.

Dakota Wealth Management bought a new position in Impinj, Inc. (NASDAQ:PI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,097 shares of the company's stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PI. Mackenzie Financial Corp lifted its stake in shares of Impinj by 330.9% in the fourth quarter. Mackenzie Financial Corp now owns 6,317 shares of the company's stock worth $918,000 after buying an additional 4,851 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Impinj in the fourth quarter worth approximately $3,431,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Impinj by 25.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,605 shares of the company's stock worth $1,686,000 after buying an additional 2,327 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Impinj by 7.2% in the first quarter. Versant Capital Management Inc now owns 2,237 shares of the company's stock worth $203,000 after buying an additional 150 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Impinj by 15,200.2% in the first quarter. GAMMA Investing LLC now owns 65,485 shares of the company's stock worth $59,390,000 after buying an additional 65,057 shares in the last quarter.

Impinj Stock Up 2.7%

PI opened at $180.20 on Tuesday. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $239.88. The company has a market capitalization of $5.24 billion, a PE ratio of 18,038.04 and a beta of 1.81. The firm's 50 day simple moving average is $169.66 and its two-hundred day simple moving average is $124.54.

Impinj (NASDAQ:PI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. The business 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 company's quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, equities analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of Impinj from $133.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Needham & Company LLC restated a "buy" rating and set a $195.00 price objective on shares of Impinj in a research report on Monday, September 15th. Susquehanna increased their price objective on shares of Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Finally, Piper Sandler increased their price objective on shares of Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $167.57.

Insiders Place Their Bets

In other news, CEO Chris Ph.D. Diorio sold 4,096 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total value of $768,532.48. Following the completion of the sale, the chief executive officer directly owned 297,013 shares of the company's stock, valued at $55,728,549.19. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sylebra Capital Llc sold 300,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares of the company's stock, valued at approximately $358,973,982.40. This trade represents a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 324,096 shares of company stock valued at $63,353,832. Corporate insiders own 51.00% of the company's stock.

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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