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

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

Impinj Stock Performance

Shares of PI stock opened at $178.81 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The stock has a market cap of $5.46 billion, a PE ratio of -194.36 and a beta of 1.94. The stock has a 50-day moving average of $142.38 and a 200-day moving average of $130.10. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $108.37 million for the quarter, compared to the consensus estimate 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 for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, sell-side analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of Impinj in a report on Thursday, July 30th. UBS Group raised their price objective on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Evercore set a $144.00 price objective on Impinj in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and an average target price of $179.22.

Institutional Investors Weigh In On Impinj

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its holdings in Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 140 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Impinj by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Impinj in the first quarter valued at about $223,000. Intech Investment Management LLC boosted its position in shares of Impinj by 29.6% during the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after buying an additional 3,812 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Impinj during the second quarter worth about $3,833,000.

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).