Impinj (NASDAQ:PI) Director Meera Rao Sells 1,729 Shares of Stock

Key Points

• Impinj Director Meera Rao sold 1,729 shares at an average price of $201.60, generating approximately $348,566. The transaction, conducted under a Rule 10b5-1 plan, reduced her ownership by 15.27% to 9,593 shares.
• Impinj’s latest quarterly results exceeded expectations, with EPS of $0.69 versus the $0.61 consensus and revenue of $112.1 million versus $107.2 million expected. Revenue increased 16.7% year over year.
• Analyst sentiment remains broadly positive, with seven Buy ratings and an average price target of $194.40, although valuation remains a concern. Shares fell 1.6% to $179.66 following the insider sale.

Impinj, Inc. (NASDAQ:PI - Get Free Report) Director Meera Rao sold 1,729 shares of the company's stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $201.60, for a total value of $348,566.40. Following the completion of the sale, the director owned 9,593 shares of the company's stock, valued at $1,933,948.80. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Impinj Stock Down 1.6%

Shares of PI traded down $2.89 during midday trading on Friday, reaching $179.66. The stock had a trading volume of 411,100 shares, compared to its average volume of 529,532. The company's fifty day simple moving average is $176.48 and its two-hundred day simple moving average is $144.47. The company has a market cap of $5.49 billion, a price-to-earnings ratio of -544.41 and a beta of 1.94. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $215.25. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29.

Impinj (NASDAQ:PI - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.08. The company had revenue of $112.08 million for the quarter, compared to analyst estimates of $107.16 million. Impinj had a negative net margin of 2.45% and a positive return on equity of 7.32%. The firm's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. Equities research analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on PI shares. Barclays boosted their price objective on shares of Impinj from $176.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, October 12th. Jefferies Financial Group raised their price objective on shares of Impinj from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of Impinj in a research note on Thursday, July 30th. Weiss Ratings reiterated a "sell (d)" rating on shares of Impinj in a research note on Wednesday. Finally, Needham & Company LLC upped their price target on shares of Impinj from $168.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $194.40.

Hedge Funds Weigh In On Impinj

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of Impinj by 40.1% in the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company's stock valued at $2,877,000 after purchasing an additional 8,023 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Impinj by 2,441.0% during the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company's stock valued at $43,745,000 after purchasing an additional 409,182 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Impinj during the 2nd quarter worth $637,286,000. Polar Asset Management Partners Inc. boosted its position in shares of Impinj by 25.6% during the first quarter. Polar Asset Management Partners Inc. now owns 136,656 shares of the company's stock valued at $14,035,000 after purchasing an additional 27,845 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in Impinj by 29.3% during the 1st quarter. California State Teachers Retirement System now owns 33,902 shares of the company's stock valued at $3,482,000 after acquiring an additional 7,678 shares during the period.

More Impinj News

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Impinj reported earnings of $0.69 per share, above the $0.61 consensus estimate and up from $0.58 a year earlier. Revenue reached approximately $112.1 million, exceeding the $107.2 million forecast and increasing 16.7% year over year. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter guidance was well above Wall Street expectations. Impinj forecast adjusted EPS of $0.55-$0.60, compared with the consensus estimate of a $0.04 loss, and revenue of $104 million-$107 million versus expectations of $99.3 million. Management cited strong M800 endpoint IC demand and a ramp in back-end production capacity. Impinj Q4 Outlook
• Positive Sentiment: Analysts raised their targets. Susquehanna lifted its target to $225 and assigned a positive rating, while Needham raised its target to $195 and maintained a buy rating. These actions reflect improved confidence in Impinj’s growth and margin expansion prospects.
• Neutral Sentiment: Analyst opinion remains mixed. UBS raised its target modestly to $180 but retained a neutral rating. Another analyst upgraded Impinj from bearish to hold, acknowledging improving revenue growth while warning that valuation remains demanding.
• Negative Sentiment: Valuation is a key risk. Impinj trades near the upper end of its annual range, with a very high price-to-earnings multiple and limited room for execution disappointments. The wide gap between analyst targets also signals uncertainty over how much of the expected growth is already reflected in PI shares.

About Impinj

Impinj, Inc NASDAQ: PI develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.

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