Impinj (NASDAQ:PI) CEO Sells $768,532.48 in Stock

Key Points

• Impinj CEO Chris Ph.D. Diorio sold 4,096 shares at an average price of $187.63, totaling approximately $768,532, which decreased his ownership by 1.36%.
• Following several recent trades, Diorio now owns 297,013 shares valued at about $55.7 million.
• Impinj's stock price increased 1.5% to $193.76 during midday trading, with an overall market capitalization of $5.64 billion.

Impinj, Inc. (NASDAQ:PI - Get Free Report) CEO Chris Ph.D. Diorio sold 4,096 shares of Impinj 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 transaction, the chief executive officer owned 297,013 shares in the company, 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 accessible through this hyperlink.

Chris Ph.D. Diorio also recently made the following trade(s):

• On Monday, September 15th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The shares were sold at an average price of $181.93, for a total value of $909,650.00.
• On Monday, September 8th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The shares were sold at an average price of $192.30, for a total value of $961,500.00.
• On Tuesday, September 2nd, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The shares were sold at an average price of $180.64, for a total value of $903,200.00.
• On Thursday, August 28th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The shares were sold at an average price of $187.79, for a total value of $938,950.00.

Impinj Stock Down 2.1%

Shares of NASDAQ:PI traded down $4.17 on Friday, reaching $191.60. The company had a trading volume of 1,318,592 shares, compared to its average volume of 558,840. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $239.88. The firm's 50 day simple moving average is $161.47 and its 200-day simple moving average is $120.47. The firm has a market capitalization of $5.57 billion, a PE ratio of 19,179.18 and a beta of 1.81. 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 (NASDAQ:PI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $93.78 million. During the same period last year, the business posted $0.83 EPS. The business's revenue was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PI. Cetera Investment Advisers raised its stake in shares of Impinj by 25.7% in the fourth quarter. Cetera Investment Advisers now owns 1,626 shares of the company's stock worth $236,000 after purchasing an additional 332 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Impinj by 10.5% in the 4th quarter. Millennium Management LLC now owns 70,358 shares of the company's stock valued at $10,220,000 after buying an additional 6,713 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Impinj by 16.1% in the 4th quarter. Nuveen Asset Management LLC now owns 164,222 shares of the company's stock valued at $23,855,000 after buying an additional 22,834 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Impinj by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 6,910 shares of the company's stock valued at $1,004,000 after buying an additional 2,129 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of Impinj in the 4th quarter valued at about $12,921,000.

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.