Insider Selling: Impinj (NASDAQ:PI) CEO Sells 5,000 Shares of Stock

Key Points

• Impinj CEO Chris Ph.D. Diorio sold 5,000 shares of the company's stock at an average price of $192.30, totaling nearly $961,500, which reflects a 1.44% decrease in his ownership.
• Impinj's stock price was down 2.7%, closing at $195.34, with a market cap of $5.68 billion and a price-to-earnings ratio of 19,553.55.
• The company reported earnings of $0.80 EPS for the last quarter, exceeding expectations, but revenue decreased by 4.5% compared to the previous year.

Impinj, Inc. (NASDAQ:PI - Get Free Report) CEO Chris Ph.D. Diorio sold 5,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $192.30, for a total value of $961,500.00. Following the transaction, the chief executive officer directly owned 341,109 shares of the company's stock, valued at $65,595,260.70. The trade was a 1.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 stock was sold at an average price of $187.79, for a total value of $938,950.00.

Impinj Trading Down 2.5%

Impinj stock traded down $4.67 during trading on Friday, reaching $178.76. 526,234 shares of the company were exchanged, compared to its average volume of 628,044. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $239.88. The company has a market capitalization of $5.20 billion, a P/E ratio of 17,893.89 and a beta of 1.81. 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's 50 day simple moving average is $152.73 and its two-hundred day simple moving average is $116.43.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping 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 firm had revenue of $97.89 million for the quarter, compared to the consensus estimate of $93.78 million. During the same quarter last year, the business posted $0.83 earnings per share. The firm'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. On average, equities research analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

PI has been the subject of several recent analyst reports. Piper Sandler raised 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. Cantor Fitzgerald lifted their price objective on Impinj from $133.00 to $158.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Needham & Company LLC lifted their price objective on Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Susquehanna lifted their price objective on Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $163.29.

Institutional Trading of Impinj

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in Impinj during the 2nd quarter worth about $28,000. Harbour Investments Inc. acquired a new position in Impinj in the 2nd quarter valued at about $33,000. Quaker Wealth Management LLC increased its position in Impinj by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 300 shares of the company's stock valued at $33,000 after acquiring an additional 600 shares during the period. Banque Transatlantique SA acquired a new position in Impinj in the 1st quarter valued at about $29,000. Finally, Ameritas Advisory Services LLC acquired a new position in Impinj in the 2nd quarter valued at about $43,000.

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.