Key Points
- Impinj CFO Cary Baker sold 1,429 shares at an average price of $185, generating $264,365. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 1.59%.
- Impinj’s latest quarterly results exceeded expectations, with EPS of $0.86 versus the $0.80 consensus and revenue of $108.37 million, up 10.7% year over year.
- Analysts maintain a generally positive view of the stock, with a “Moderate Buy” consensus rating and an average price target of $179.22.
Impinj, Inc. (NASDAQ:PI - Get Free Report) CFO Cary Baker sold 1,429 shares of the business's stock in a transaction dated 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 owned 88,226 shares in the company, valued at approximately $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Impinj Trading Up 3.1%
Shares of PI stock opened at $179.58 on Thursday. The company has a 50 day moving average of $141.53 and a 200-day moving average 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, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06. The firm has a market cap of $5.49 billion, a P/E ratio of -195.20 and a beta of 1.94.
Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The company had revenue of $108.37 million for the quarter, compared to analysts' expectations of $104.60 million. During the same quarter in the previous year, the firm posted $0.80 EPS. Impinj's revenue was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Sell-side analysts anticipate that Impinj, Inc. will post 0.37 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on PI shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of Impinj in a research report on Thursday, July 30th. Barclays lifted their price objective on Impinj from $169.00 to $176.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. UBS Group boosted their price objective on Impinj from $155.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Impinj from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Impinj currently has an average rating of "Moderate Buy" and a consensus price target of $179.22.
Check Out Our Latest Stock Analysis on PI
Institutional Trading of Impinj
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in Impinj in the 1st quarter worth about $28,000. Global Retirement Partners LLC purchased a new stake in shares of Impinj in the second quarter worth about $31,000. Danske Bank A S purchased a new stake in shares of Impinj in the fourth quarter worth about $35,000. Advisors Asset Management Inc. boosted its position in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock valued at $45,000 after acquiring an additional 140 shares during the period. Finally, Kelleher Financial Advisors bought a new position in shares of Impinj in the second quarter valued at approximately $52,000.
About Impinj
(
Get Free Report)
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).
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