Rep. Marjorie Taylor Greene Buys Impinj, Inc. (NASDAQ:PI) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Impinj, Inc. (NASDAQ:PI). In a filing disclosed on March 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Impinj stock on March 3rd.

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

• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/7/2025.
• Purchased $1,001 – $15,000 in shares of CrowdStrike (NASDAQ:CRWD) on 3/7/2025.
• Purchased $1,001 – $15,000 in shares of Dollar General (NYSE:DG) on 3/7/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 3/7/2025.
• Purchased $15,001 – $50,000 in shares of iShares Bitcoin Trust (NASDAQ:IBIT) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Dollar General (NYSE:DG) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 2/12/2025.

Impinj Stock Performance

Shares of NASDAQ:PI opened at $100.71 on Tuesday. Impinj, Inc. has a 52 week low of $84.17 and a 52 week high of $239.88. The company has a market capitalization of $2.87 billion, a PE ratio of 74.05 and a beta of 1.98. The company has a 50 day moving average price of $120.53 and a two-hundred day moving average price of $164.17.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. On average, sell-side analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Impinj

In other news, CFO Cary Baker sold 499 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total transaction of $72,883.94. Following the completion of the sale, the chief financial officer now owns 71,107 shares in the company, valued at approximately $10,385,888.42. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Chris Ph.D. Diorio sold 1,504 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $146.22, for a total transaction of $219,914.88. Following the sale, the chief executive officer now owns 331,572 shares of the company’s stock, valued at approximately $48,482,457.84. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,323 shares of company stock worth $2,454,588 over the last quarter. 51.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PI shares. The Goldman Sachs Group lowered their price objective on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald raised shares of Impinj to a “strong-buy” rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Impinj from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Piper Sandler lowered their price objective on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Susquehanna lowered their price objective on shares of Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $180.10.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PI. Capital International Investors lifted its stake in Impinj by 45.0% in the fourth quarter. Capital International Investors now owns 1,527,587 shares of the company’s stock valued at $221,897,000 after acquiring an additional 473,721 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Impinj by 3,824.4% in the fourth quarter. Janus Henderson Group PLC now owns 435,960 shares of the company’s stock valued at $63,310,000 after acquiring an additional 424,851 shares during the last quarter. Norges Bank acquired a new stake in Impinj in the fourth quarter valued at $40,100,000. Sylebra Capital LLC lifted its stake in Impinj by 8.6% in the fourth quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company’s stock valued at $504,360,000 after acquiring an additional 274,764 shares during the last quarter. Finally, State Street Corp lifted its stake in Impinj by 25.7% in the third quarter. State Street Corp now owns 1,078,676 shares of the company’s stock valued at $233,555,000 after acquiring an additional 220,776 shares during the last quarter.

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.

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.