Impinj (NASDAQ:PI) Director Sells 800 Shares of Stock

Key Points

• Impinj director Miron Washington sold 800 shares at an average price of $173.26, totaling $138,608 and reducing his direct ownership by 15.52% to 4,354 shares.
• Impinj shares rose 1.8% to $177.59, while the company’s latest quarterly results exceeded expectations: adjusted EPS was $0.86 versus an $0.80 consensus estimate, and revenue increased 10.7% year over year to $108.37 million.
• Analyst sentiment remains positive, with seven Buy ratings, three Holds and one Sell; the stock carries a “Moderate Buy” consensus rating and an average price target of $183.30.

Impinj, Inc. (NASDAQ:PI - Get Free Report) Director Miron Washington sold 800 shares of Impinj stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total value of $138,608.00. Following the completion of the sale, the director directly owned 4,354 shares of the company's stock, valued at $754,374.04. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Impinj Trading Up 1.8%

PI traded up $3.20 during mid-day trading on Wednesday, hitting $177.59. 360,782 shares of the stock were exchanged, compared to its average volume of 543,859. The firm's fifty day moving average is $159.35 and its two-hundred day moving average is $136.08. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $247.06. The company has a market cap of $5.43 billion, a PE ratio of -193.03 and a beta of 1.92. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The business had revenue of $108.37 million for the quarter, compared to analysts' expectations of $104.60 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. The business's quarterly revenue was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Equities analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Impinj

Several large investors have recently bought and sold shares of PI. Tidal Investments LLC lifted its stake in Impinj by 15.8% during the second quarter. Tidal Investments LLC now owns 110,251 shares of the company's stock worth $15,791,000 after purchasing an additional 15,046 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Impinj by 120.3% in the second quarter. Squarepoint Ops LLC now owns 116,850 shares of the company's stock valued at $16,736,000 after purchasing an additional 63,798 shares in the last quarter. Arizona State Retirement System increased its stake in Impinj by 1.6% in the second quarter. Arizona State Retirement System now owns 7,984 shares of the company's stock valued at $1,144,000 after purchasing an additional 128 shares during the last quarter. Nykredit A S purchased a new position in Impinj in the second quarter valued at approximately $145,000. Finally, Corient Private Wealth LP raised its holdings in Impinj by 7.7% during the second quarter. Corient Private Wealth LP now owns 3,868 shares of the company's stock worth $554,000 after purchasing an additional 276 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on PI. Jefferies Financial Group boosted their price target on shares of Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. BMO Capital Markets began coverage on Impinj in a research note on Thursday, August 20th. They issued an "outperform" rating and a $220.00 price objective on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of Impinj in a report on Thursday, July 30th. Needham & Company LLC lowered their target price on Impinj from $175.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded Impinj from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.30.

About Impinj

Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company's platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.

Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.

Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.

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