Impinj (NASDAQ:PI) CEO Sells $961,500.00 in Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 5,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $192.30, for a total value of $961,500.00. Following the transaction, the chief executive officer owned 341,109 shares in the company, valued at $65,595,260.70. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 stock was 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 Stock Performance

PI opened at $195.34 on Wednesday. The firm has a market cap of $5.68 billion, a P/E ratio of 19,553.55 and a beta of 1.81. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $239.88. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The business’s fifty day moving average is $149.85 and its 200-day moving average is $115.30.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. The company had revenue of $97.89 million for the quarter, compared to analyst estimates of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%.Impinj’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Sell-side analysts expect that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PI has been the topic of several analyst reports. Cantor Fitzgerald increased their target price on Impinj from $133.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Piper Sandler upped their price objective on Impinj from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Needham & Company LLC upped their price objective on Impinj from $115.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Susquehanna upped their price objective on Impinj from $130.00 to $140.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $163.29.

Hedge Funds Weigh In On Impinj

A number of institutional investors and hedge funds have recently bought and sold shares of PI. Mercer Global Advisors Inc. ADV increased its holdings in Impinj by 6.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,641 shares of the company’s stock worth $238,000 after purchasing an additional 106 shares in the last quarter. Cetera Investment Advisers increased its holdings in Impinj by 25.7% in the 4th quarter. Cetera Investment Advisers now owns 1,626 shares of the company’s stock worth $236,000 after purchasing an additional 332 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Impinj by 19.7% in the 4th quarter. EP Wealth Advisors LLC now owns 1,623 shares of the company’s stock worth $236,000 after purchasing an additional 267 shares in the last quarter. Deutsche Bank AG increased its holdings in Impinj by 7.2% in the 4th quarter. Deutsche Bank AG now owns 118,476 shares of the company’s stock worth $17,210,000 after purchasing an additional 8,001 shares in the last quarter. Finally, Graham Capital Management L.P. increased its holdings in Impinj by 29.0% in the fourth quarter. Graham Capital Management L.P. now owns 11,964 shares of the company’s stock valued at $1,738,000 after purchasing an additional 2,693 shares during the period.

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.