Key Points
- Impinj CFO Cary Baker sold 8,892 shares at an average price of $185, generating $1.65 million; the transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 9.96%.
- Impinj shares opened at $184.04, with the stock up 1.6% and trading between a 52-week range of $87.36 to $247.06. The company recently exceeded quarterly revenue and earnings expectations, reporting $108.37 million in revenue and $0.86 EPS.
- Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating from 11 analysts and an average price target of $183.30, while several hedge funds increased their positions during the second quarter.
Impinj, Inc. (NASDAQ:PI - Get Free Report) CFO Cary Baker sold 8,892 shares of the company's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the sale, the chief financial officer directly owned 80,388 shares of the company's stock, valued at approximately $14,871,780. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cary Baker also recently made the following trade(s):
- On Monday, August 10th, Cary Baker sold 1,429 shares of Impinj stock. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00.
Impinj Trading Up 1.6%
Shares of Impinj stock opened at $184.04 on Tuesday. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $247.06. The company's fifty day simple moving average is $162.25 and its 200-day simple moving average is $137.76. 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 capitalization of $5.62 billion, a PE ratio of -200.04 and a beta of 1.92.
Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The firm had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. During the same period in the prior year, the business 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. As a group, equities analysts anticipate that Impinj, Inc. will post 0.37 earnings per share for the current year.
Hedge Funds Weigh In On Impinj
Several large investors have recently made changes to their positions in PI. Tidal Investments LLC grew its position in shares of Impinj by 15.8% during the second quarter. Tidal Investments LLC now owns 110,251 shares of the company's stock worth $15,791,000 after purchasing an additional 15,046 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Impinj by 120.3% in the 2nd quarter. Squarepoint Ops LLC now owns 116,850 shares of the company's stock worth $16,736,000 after purchasing an additional 63,798 shares in the last quarter. Arizona State Retirement System lifted its holdings in Impinj by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 7,984 shares of the company's stock worth $1,144,000 after purchasing an additional 128 shares in the last quarter. Nykredit A S bought a new position in Impinj in the 2nd quarter worth approximately $145,000. Finally, Corient Private Wealth LP boosted its stake in Impinj by 7.7% in the 2nd quarter. Corient Private Wealth LP now owns 3,868 shares of the company's stock worth $554,000 after purchasing an additional 276 shares during the period.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. BMO Capital Markets began coverage on Impinj in a research note on Thursday, August 20th. They issued an "outperform" rating and a $220.00 price objective on the stock. Wall Street Zen raised shares of Impinj from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Jefferies Financial Group raised their target price on shares of Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Zacks Research downgraded shares of Impinj from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. 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. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $183.30.
Check Out Our Latest Analysis on PI
About Impinj
(
Get Free Report)
Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company's platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.
Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.
Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.
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