7,300 Shares in Impinj, Inc. $PI Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Impinj, Inc. (NASDAQ:PI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,300 shares of the company’s stock, valued at approximately $811,000.

Other institutional investors have also made changes to their positions in the company. Harbour Investments Inc. acquired a new stake in shares of Impinj during the second quarter worth approximately $33,000. Banque Transatlantique SA acquired a new stake in Impinj in the first quarter valued at approximately $29,000. Ameritas Advisory Services LLC acquired a new stake in Impinj in the second quarter valued at approximately $43,000. SBI Securities Co. Ltd. lifted its stake in Impinj by 75.3% in the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock valued at $36,000 after acquiring an additional 171 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Impinj in the first quarter valued at approximately $43,000.

Insiders Place Their Bets

In related news, insider Sylebra Capital Llc sold 300,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the transaction, the insider owned 1,829,260 shares of the company’s stock, valued at approximately $358,973,982.40. The trade was a 14.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $192.30, for a total transaction of $961,500.00. Following the transaction, the chief executive officer directly owned 341,109 shares in the company, valued at $65,595,260.70. This trade represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 324,096 shares of company stock worth $63,353,832 in the last ninety days. 12.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PI has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 target price on shares of Impinj in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Barclays initiated coverage on shares of Impinj in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $200.00 target price for the company. Finally, Cantor Fitzgerald lifted their target price on shares of Impinj from $158.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and a consensus target price of $189.43.

Impinj Trading Up 19.3%

NASDAQ:PI opened at $241.17 on Friday. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $244.34. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 24,141.14 and a beta of 1.83. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $188.83 and its 200-day moving average is $137.73.

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

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.