Rep. Marjorie Taylor Greene Purchases Shares of Impinj, Inc. (NASDAQ:PI)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Impinj, Inc. NASDAQ: PI. In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Impinj stock on May 5th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Occidental Petroleum NYSE: OXY on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of MercadoLibre NASDAQ: MELI on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BHP Group NYSE: BHP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 5/5/2025.

Impinj Trading Up 2.2 %

Shares of PI stock traded up $2.18 during mid-day trading on Friday, reaching $100.00. The stock had a trading volume of 486,747 shares, compared to its average volume of 586,478. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $239.88. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 73.53 and a beta of 1.64. The business's fifty day moving average is $85.33 and its 200-day moving average is $128.48.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.12. The company had revenue of $74.28 million during the quarter, compared to analyst estimates of $71.73 million. Impinj had a net margin of 11.15% and a return on equity of 7.11%. Impinj's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. On average, analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On Impinj

A number of hedge funds have recently modified their holdings of PI. Hillsdale Investment Management Inc. raised its position in Impinj by 0.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 24,685 shares of the company's stock valued at $3,586,000 after purchasing an additional 95 shares during the period. Louisiana State Employees Retirement System raised its holdings in Impinj by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the company's stock valued at $1,612,000 after buying an additional 100 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Impinj by 6.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,641 shares of the company's stock valued at $238,000 after buying an additional 106 shares during the last quarter. Cynosure Group LLC lifted its position in Impinj by 7.8% in the fourth quarter. Cynosure Group LLC now owns 1,953 shares of the company's stock valued at $284,000 after buying an additional 142 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Impinj by 7.2% during the first quarter. Versant Capital Management Inc now owns 2,237 shares of the company's stock worth $203,000 after buying an additional 150 shares during the period.

Wall Street Analysts Forecast Growth

PI has been the topic of several analyst reports. Susquehanna cut their price target on Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI lifted their price target on shares of Impinj from $99.00 to $117.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. StockNews.com cut Impinj from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Cantor Fitzgerald restated an "overweight" rating and issued a $133.00 target price on shares of Impinj in a research report on Thursday, April 24th. Finally, Needham & Company LLC dropped their price target on Impinj from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.33.

Insider Buying and Selling at Impinj

In related news, CFO Cary Baker sold 1,553 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $98.76, for a total value of $153,374.28. Following the sale, the chief financial officer now owns 76,451 shares in the company, valued at approximately $7,550,300.76. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Ph.D. Diorio sold 8,334 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $98.78, for a total transaction of $823,232.52. Following the sale, the chief executive officer now owns 354,076 shares in the company, valued at $34,975,627.28. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,857 shares of company stock worth $1,665,290 over the last three months. Insiders own 12.40% of the company's stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

Impinj Company Profile

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.