Impinj (NASDAQ:PI) CFO Cary Baker Sells 1,429 Shares of Stock

Impinj, Inc. (NASDAQ:PI) CFO Cary Baker sold 1,429 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the transaction, the chief financial officer directly owned 88,226 shares in the company, valued at $16,321,810. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Impinj Trading Up 3.1%

NASDAQ PI opened at $179.58 on Thursday. The company has a market cap of $5.49 billion, a price-to-earnings ratio of -195.20 and a beta of 1.94. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06. The business has a 50 day moving average price of $141.53 and a 200-day moving average price of $129.96. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PI. Needham & Company LLC decreased their price target on Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Jefferies Financial Group raised their price objective on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays lifted their price objective on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of Impinj in a research note on Thursday, July 30th. Finally, UBS Group increased their target price on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Impinj presently has an average rating of “Moderate Buy” and an average target price of $179.22.

Hedge Funds Weigh In On Impinj

Institutional investors have recently modified their holdings of the business. Polymer Capital Management HK LTD purchased a new stake in shares of Impinj during the second quarter valued at approximately $2,688,000. Elevation Point Wealth Partners LLC bought a new position in Impinj in the 2nd quarter valued at $525,000. William Blair Investment Management LLC purchased a new stake in shares of Impinj during the 2nd quarter valued at $42,514,000. Lisanti Capital Growth LLC purchased a new stake in shares of Impinj during the 2nd quarter valued at $801,000. Finally, K.J. Harrison & Partners Inc bought a new stake in shares of Impinj during the 2nd quarter worth $2,292,000.

Impinj Company Profile

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).