Impinj (NASDAQ:PI) CEO Sells $903,200.00 in Stock

Key Points

• Impinj's CEO Chris Ph.D. Diorio sold 5,000 shares of the company's stock for a total of $903,200.00, reducing his ownership by 1.40% to 351,109 shares.
• Following a recent quarterly earnings report, Impinj's revenue of $97.89 million exceeded expectations, but the company reported a 4.5% decline compared to the previous year.
• Analysts have set a consensus price target of $163.29 for Impinj, with a majority rating the stock as a "Buy" or "Overweight."

Impinj, Inc. (NASDAQ:PI - Get Free Report) CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction on Tuesday, September 2nd. The stock was 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 directly owned 351,109 shares of the company's stock, valued at approximately $63,424,329.76. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $938,950.00.

Impinj Stock Performance

Shares of PI traded up $8.73 during midday trading on Wednesday, hitting $194.47. 1,122,388 shares of the stock traded hands, compared to its average volume of 403,904. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $239.88. The firm has a market capitalization of $5.66 billion, a PE ratio of 19,466.47 and a beta of 1.81. 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 business's 50 day moving average price is $143.21 and its two-hundred day moving average price is $112.68.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings data 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. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The business had revenue of $97.89 million during the quarter, compared to the consensus estimate of $93.78 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company's quarterly 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. Equities research analysts predict that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Impinj

A number of large investors have recently modified their holdings of PI. Public Sector Pension Investment Board increased its stake in Impinj by 9.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 80,011 shares of the company's stock worth $8,887,000 after purchasing an additional 6,711 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Impinj by 0.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 24,619 shares of the company's stock valued at $2,733,000 after acquiring an additional 222 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Impinj by 425.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the company's stock valued at $237,000 after purchasing an additional 1,725 shares during the period. Corient Private Wealth LLC raised its position in Impinj by 35.3% during the second quarter. Corient Private Wealth LLC now owns 3,698 shares of the company's stock valued at $411,000 after purchasing an additional 965 shares during the period. Finally, State of Tennessee Department of Treasury raised its position in Impinj by 38.5% during the second quarter. State of Tennessee Department of Treasury now owns 13,959 shares of the company's stock valued at $1,550,000 after purchasing an additional 3,879 shares during the period.

Wall Street Analysts Forecast Growth

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

About Impinj

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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