Impinj (NASDAQ:PI) Trading Down 7.6% - Should You Sell?

Key Points

• Impinj's stock price fell by 7.6% to $189.95, with trading volume significantly lower than average at 183,066 shares.
• Analysts have mixed ratings on Impinj, with a consensus target price of $179.00, and recent upgrades from Cantor Fitzgerald and Zacks Research.
• Insider trading activity includes notable sales, with Sylebra Capital LLC selling 300,000 shares for approximately $58.87 million and CEO Chris Diorio selling 4,096 shares for about $768,532.

Impinj, Inc. (NASDAQ:PI - Get Free Report) fell 7.6% on Friday . The stock traded as low as $190.00 and last traded at $189.95. 183,066 shares were traded during mid-day trading, a decline of 70% from the average session volume of 613,671 shares. The stock had previously closed at $205.64.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a "sell (d)" rating on shares of Impinj in a research report on Wednesday. Cantor Fitzgerald boosted their price objective on Impinj from $158.00 to $217.00 and gave the stock an "overweight" rating in a research report on Monday. Barclays assumed coverage on Impinj in a research report on Tuesday. They set an "overweight" rating and a $200.00 price objective for the company. Susquehanna boosted their price objective on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Finally, Zacks Research raised Impinj from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $179.00.

Impinj Stock Performance

The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. The stock has a 50 day simple moving average of $180.29 and a two-hundred day simple moving average of $129.61. The company has a market cap of $5.41 billion, a PE ratio of 18,611.61 and a beta of 1.83.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share 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 company had revenue of $97.89 million during the quarter, compared to analysts' expectations of $93.78 million. During the same quarter in the previous year, the business earned $0.83 earnings per share. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Equities analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 300,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total value of $768,532.48. Following the sale, the chief executive officer owned 297,013 shares of the company's stock, valued at $55,728,549.19. This trade represents a 1.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 324,096 shares of company stock valued at $63,353,832 in the last 90 days. Company insiders own 12.40% of the company's stock.

Institutional Investors Weigh In On Impinj

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Impinj during the second quarter worth $28,000. Banque Transatlantique SA acquired a new position in Impinj during the first quarter worth $29,000. Harbour Investments Inc. acquired a new position in Impinj during the second quarter worth $33,000. Quaker Wealth Management LLC grew its holdings in Impinj by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 300 shares of the company's stock worth $33,000 after acquiring an additional 600 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in Impinj by 75.3% during the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock worth $36,000 after acquiring an additional 171 shares during the period.

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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