Insider Selling: Impinj (NASDAQ:PI) CEO Sells $768,532.48 in Stock

Impinj, Inc. (NASDAQ:PI) CEO Chris Ph.D. Diorio sold 4,096 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total value of $768,532.48. Following the completion of the sale, the chief executive officer owned 297,013 shares of the company’s stock, valued at approximately $55,728,549.19. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Chris Ph.D. Diorio also recently made the following trade(s):

• On Monday, September 15th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The stock was sold at an average price of $181.93, for a total value of $909,650.00.
• On Monday, September 8th, Chris Ph.D. Diorio sold 5,000 shares of Impinj stock. The stock was sold at an average price of $192.30, for a total value of $961,500.00.
• 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 Up 2.2%

NASDAQ:PI opened at $195.77 on Friday. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $239.88. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 19,596.60 and a beta of 1.81. The stock has a fifty day simple moving average of $159.98 and a 200-day simple moving average of $119.78. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51.

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

Wall Street Analysts Forecast Growth

PI has been the subject of several research analyst reports. Cantor Fitzgerald lifted their target price on Impinj from $133.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $195.00 target price on shares of Impinj in a research report on Monday. Susquehanna lifted their price objective on Impinj from $130.00 to $140.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Finally, Piper Sandler lifted their price objective on Impinj from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $167.57.

Institutional Investors Weigh In On Impinj

A number of large investors have recently modified their holdings of PI. DLD Asset Management LP acquired a new position in Impinj in the second quarter valued at approximately $1,332,840,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Impinj by 304.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company’s stock valued at $88,184,000 after acquiring an additional 731,817 shares during the period. Sylebra Capital LLC lifted its holdings in Impinj by 8.6% in the fourth quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company’s stock valued at $504,360,000 after acquiring an additional 274,764 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Impinj by 52.7% during the 1st quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company’s stock worth $56,431,000 after buying an additional 214,792 shares during the period. Finally, Granite Investment Partners LLC acquired a new position in shares of Impinj during the 2nd quarter worth approximately $12,160,000.

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.