Insider Selling: Impinj (NASDAQ:PI) Director Sells 342 Shares of Stock

Impinj, Inc. (NASDAQ:PI) Director Miron Washington sold 342 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $158.94, for a total transaction of $54,357.48. Following the completion of the transaction, the director directly owned 2,040 shares of the company’s stock, valued at $324,237.60. This represents a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Impinj Trading Down 3.2%

NASDAQ PI traded down $5.43 on Friday, hitting $163.63. 962,771 shares of the stock were exchanged, compared to its average volume of 613,916. The company’s 50-day moving average price is $195.09 and its two-hundred day moving average price is $148.53. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $247.06. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of -371.88 and a beta of 1.83.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.The business had revenue of $96.06 million during the quarter, compared to analysts’ expectations of $92.71 million. During the same quarter last year, the firm posted $0.56 earnings per share. Impinj’s revenue was up .9% compared to the same quarter last year. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Research analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Truist Financial Corp increased its stake in shares of Impinj by 71.1% in the second quarter. Truist Financial Corp now owns 9,065 shares of the company’s stock worth $1,007,000 after purchasing an additional 3,768 shares during the period. CWM LLC boosted its stake in Impinj by 3.3% during the 1st quarter. CWM LLC now owns 5,818 shares of the company’s stock valued at $528,000 after purchasing an additional 185 shares during the period. Northern Trust Corp grew its holdings in Impinj by 0.4% in the 1st quarter. Northern Trust Corp now owns 251,891 shares of the company’s stock valued at $22,847,000 after buying an additional 953 shares during the last quarter. Bank of New York Mellon Corp increased its position in Impinj by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 171,139 shares of the company’s stock worth $15,522,000 after buying an additional 5,475 shares during the period. Finally, Arizona State Retirement System increased its position in Impinj by 5.0% in the 1st quarter. Arizona State Retirement System now owns 7,289 shares of the company’s stock worth $661,000 after buying an additional 344 shares during the period.

Analyst Ratings Changes

Several research firms have weighed in on PI. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Needham & Company LLC boosted their price target on shares of Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Cantor Fitzgerald lifted their price target on Impinj from $217.00 to $246.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Roth Capital restated a “buy” rating and issued a $235.00 price objective on shares of Impinj in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Impinj has an average rating of “Moderate Buy” and an average price target of $226.33.

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.