First Bank & Trust Buys New Position in Impinj, Inc. $PI

Key Points

• First Bank & Trust has acquired a new stake in Impinj, Inc. purchasing 1,873 shares valued at approximately $208,000.
• Impinj's stock is currently rated as a "Moderate Buy" by analysts, with an average target price of $167.57 per share.
• Insider trading activity includes CEO Chris Diorio selling over 4,000 shares, which reflects a decrease in his ownership, while significant shares were also sold by Sylebra Capital LLC.

First Bank & Trust bought a new stake in Impinj, Inc. (NASDAQ:PI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,873 shares of the company's stock, valued at approximately $208,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in 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 last quarter. KBC Group NV raised its stake in Impinj by 35.0% in the 1st quarter. KBC Group NV now owns 1,227 shares of the company's stock valued at $111,000 after purchasing an additional 318 shares during the last quarter. GAMMA Investing LLC raised its stake in Impinj by 68.7% in the 1st quarter. GAMMA Investing LLC now owns 722 shares of the company's stock valued at $65,000 after purchasing an additional 294 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Impinj by 46.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,083 shares of the company's stock valued at $280,000 after purchasing an additional 975 shares during the last quarter. Finally, CWM LLC raised its stake in Impinj by 3.3% in the 1st quarter. CWM LLC now owns 5,818 shares of the company's stock valued at $528,000 after purchasing an additional 185 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Piper Sandler boosted their target price on shares of Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Susquehanna upped their price objective on shares of Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price objective on shares of Impinj in a research note on Monday. Finally, Cantor Fitzgerald upped their price objective on shares of Impinj from $133.00 to $158.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.57.

Impinj Stock Up 1.5%

NASDAQ PI opened at $193.76 on Wednesday. The stock has a market cap of $5.64 billion, a PE ratio of 19,395.40 and a beta of 1.81. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $239.88. The business has a 50 day moving average price of $157.09 and a two-hundred day moving average price of $118.53. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51.

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 analysts' consensus estimates of $0.72 by $0.08. The firm had revenue of $97.89 million during the quarter, compared to analysts' expectations of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%.Impinj's quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, sell-side analysts predict that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Chris Ph.D. Diorio sold 4,096 shares of the company's 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sylebra Capital Llc sold 300,000 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were 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 in the company, valued at $358,973,982.40. This represents a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 324,096 shares of company stock valued at $63,353,832. Insiders own 51.00% of the company's stock.

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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