Man Group plc Buys Shares of 48,836 Impinj, Inc. $PI

Man Group plc acquired a new position in shares of Impinj, Inc. (NASDAQ:PI) during the 2nd quarter, HoldingsChannel reports. The firm acquired 48,836 shares of the company’s stock, valued at approximately $6,995,000.

A number of other large investors have also recently bought and sold shares of the business. Jupiter Topco LLC bought a new stake in Impinj in the second quarter valued at $3,499,000. AWM Investment Company Inc. bought a new position in shares of Impinj during the second quarter worth about $29,651,000. Legal & General Group Plc bought a new position in shares of Impinj during the second quarter worth about $8,934,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Impinj in the 2nd quarter worth about $95,867,000. Finally, Algert Global LLC acquired a new stake in shares of Impinj in the 2nd quarter worth about $1,842,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PI shares. Jefferies Financial Group lifted their price target on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of Impinj in a research note on Thursday, July 30th. Zacks Research upgraded Impinj from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, BMO Capital Markets began coverage on Impinj in a research report on Thursday, August 20th. They set an “outperform” rating and a $220.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Impinj presently has an average rating of “Moderate Buy” and a consensus target price of $183.30.

Impinj Trading Up 1.2%

Impinj stock opened at $170.06 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of -184.85 and a beta of 1.94. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The firm’s 50 day moving average price is $150.77 and its two-hundred day moving average price is $131.48.

Impinj (NASDAQ:PI) last released 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 during the quarter, compared to analyst estimates of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.Impinj’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, research analysts predict that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Insider Transactions at Impinj

In other news, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the sale, the chief financial officer directly owned 88,226 shares in the company, valued at $16,321,810. The trade was a 1.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 47,479 shares of Impinj stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $124.06, for a total transaction of $5,890,244.74. Following the completion of the sale, the director owned 840,576 shares of the company’s stock, valued at $104,281,858.56. This trade represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 192,153 shares of company stock worth $25,561,723 in the last quarter. 6.80% of the stock is owned by corporate insiders.

Impinj 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).