Impinj, Inc. $PI Shares Sold by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. reduced its stake in Impinj, Inc. by 12.9% during the first quarter, owning 56,146 shares valued at approximately $5.09 million.
• Several institutional investors significantly increased their stakes in Impinj, including Janus Henderson Group PLC, which boosted its holdings by nearly 3,824.4% during the fourth quarter.
• Impinj reported $0.80 EPS for the last quarter, exceeding expectations, but experienced a 4.5% decline in revenue year-over-year, signaling ongoing business challenges.

Panagora Asset Management Inc. trimmed its holdings in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 12.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,146 shares of the company's stock after selling 8,317 shares during the period. Panagora Asset Management Inc. owned about 0.19% of Impinj worth $5,092,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its position in Impinj by 75.3% during the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock valued at $36,000 after buying an additional 171 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Impinj during the first quarter valued at approximately $43,000. GAMMA Investing LLC raised its stake in shares of Impinj by 68.7% during the first 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 period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Impinj during the fourth quarter valued at approximately $156,000. Finally, KBC Group NV raised its stake in shares of Impinj by 35.0% during the first 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 period.

Analyst Upgrades and Downgrades

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

Impinj Stock Performance

PI stock traded up $2.89 during trading on Friday, hitting $191.02. 414,867 shares of the company's stock traded hands, compared to its average volume of 434,938. 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, Inc. has a 52 week low of $60.85 and a 52 week high of $239.88. The stock has a fifty day moving average price of $146.39 and a two-hundred day moving average price of $113.85. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 19,121.12 and a beta of 1.81.

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 the consensus estimate of $0.72 by $0.08. The business had revenue of $97.89 million during the quarter, compared to analyst estimates 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 quarter in the prior 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 anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insider Activity at Impinj

In other news, CEO Chris Ph.D. Diorio sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $180.64, for a total transaction of $903,200.00. Following the completion of the transaction, the chief executive officer owned 351,109 shares in the company, valued at approximately $63,424,329.76. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.40% 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.