Jupiter Topco LLC Purchases Shares of 24,441 Impinj, Inc. $PI

Jupiter Topco LLC acquired a new stake in shares of Impinj, Inc. (NASDAQ:PI) during the second quarter, Holdings Channel reports. The fund acquired 24,441 shares of the company’s stock, valued at approximately $3,499,000.

Other large investors have also recently modified their holdings of the company. Intech Investment Management LLC grew its position in Impinj by 63.5% during the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock worth $3,225,000 after acquiring an additional 7,194 shares during the last quarter. Janus Henderson Group PLC lifted its position in Impinj by 40.1% in the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock valued at $2,877,000 after purchasing an additional 8,023 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Impinj by 2,441.0% in the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock valued at $43,745,000 after purchasing an additional 409,182 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Impinj during the second quarter valued at approximately $637,286,000. Finally, Polar Asset Management Partners Inc. boosted its stake in shares of Impinj by 25.6% during the first quarter. Polar Asset Management Partners Inc. now owns 136,656 shares of the company’s stock valued at $14,035,000 after purchasing an additional 27,845 shares during the period.

Insider Buying and Selling at Impinj

In other news, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the transaction, the chief financial officer directly owned 88,226 shares of the company’s stock, valued at $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 47,479 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $124.06, for a total transaction of $5,890,244.74. Following the sale, the director owned 840,576 shares of the company’s stock, valued at approximately $104,281,858.56. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 139,953 shares of company stock valued at $18,138,781 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. BMO Capital Markets initiated coverage on shares of Impinj in a research report on Thursday, August 20th. They set an “outperform” rating and a $220.00 price target for the company. Jefferies Financial Group raised their price target on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of Impinj in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $183.30.

Impinj Stock Down 3.5%

PI stock opened at $168.19 on Wednesday. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average of $152.48 and a 200 day moving average of $132.50. The firm has a market cap of $5.14 billion, a PE ratio of -182.82 and a beta of 1.94.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) 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 analysts’ expectations of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. Impinj’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, research analysts forecast that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Impinj 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).