Graham Capital Management L.P. Sells 3,278 Shares of Impinj, Inc. $PI

Key Points

• Graham Capital Management L.P. reduced its holdings in Impinj, Inc. by 27.4%, selling 3,278 shares to hold a total of 8,686 shares valued at approximately $788,000.
• Several institutional investors, including Campbell & CO Investment Adviser LLC and Ameriprise Financial Inc., significantly increased their stakes in Impinj, indicating robust interest from different investment firms.
• Analysts have raised their price targets for Impinj significantly, with estimates now varying from $140.00 to $180.00, reflecting a consensus rating of "Moderate Buy" based on strong upcoming earnings forecasts.

Graham Capital Management L.P. reduced its position in Impinj, Inc. (NASDAQ:PI - Free Report) by 27.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,686 shares of the company's stock after selling 3,278 shares during the quarter. Graham Capital Management L.P.'s holdings in Impinj were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Sylebra Capital LLC increased its position in Impinj by 8.6% in the fourth quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company's stock worth $504,360,000 after buying an additional 274,764 shares during the last quarter. Ameriprise Financial Inc. increased its position in Impinj by 52.7% in the first quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company's stock worth $56,431,000 after buying an additional 214,792 shares during the last quarter. Janus Henderson Group PLC increased its position in Impinj by 3,824.4% in the fourth quarter. Janus Henderson Group PLC now owns 435,960 shares of the company's stock worth $63,310,000 after buying an additional 424,851 shares during the last quarter. Squarepoint Ops LLC increased its position in Impinj by 32.9% in the fourth quarter. Squarepoint Ops LLC now owns 310,743 shares of the company's stock worth $45,139,000 after buying an additional 76,886 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Impinj by 14.5% in the first quarter. Jennison Associates LLC now owns 253,897 shares of the company's stock worth $23,028,000 after buying an additional 32,109 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PI. Cantor Fitzgerald raised their target price on Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Susquehanna increased their price objective on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Needham & Company LLC increased their price objective on Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Piper Sandler increased their price objective on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Impinj has an average rating of "Moderate Buy" and an average target price of $163.29.

Impinj Price Performance

Impinj stock traded up $9.76 during midday trading on Monday, hitting $200.78. 750,437 shares of the company's stock were exchanged, compared to its average volume of 626,450. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $239.88. The stock has a 50-day moving average price of $148.18 and a two-hundred day moving average price of $114.74. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The company has a market cap of $5.84 billion, a P/E ratio of 20,098.10 and a beta of 1.81.

Impinj (NASDAQ:PI - Get Free Report) last posted 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. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The business had revenue of $97.89 million during the quarter, compared to analysts' expectations of $93.78 million. During the same period in the previous year, the business earned $0.83 earnings per share. The firm's revenue was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, equities research analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Activity

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $180.64, for a total value of $903,200.00. Following the sale, the chief executive officer owned 351,109 shares in the company, valued at $63,424,329.76. This represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.