Envestnet Asset Management Inc. Lowers Stock Holdings in Impinj, Inc. $PI

Envestnet Asset Management Inc. lessened its holdings in Impinj, Inc. (NASDAQ:PI) by 58.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,409 shares of the company’s stock after selling 26,799 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Impinj were worth $3,508,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PI. CoreCap Advisors LLC purchased a new stake in shares of Impinj during the third quarter worth about $27,000. Hantz Financial Services Inc. raised its position in shares of Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after buying an additional 75 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Impinj during the third quarter valued at approximately $31,000. Quaker Wealth Management LLC lifted its holdings in shares of Impinj by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 300 shares of the company’s stock worth $33,000 after buying an additional 600 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after acquiring an additional 140 shares during the last quarter.

Insider Transactions at Impinj

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. The trade was a 10.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 508,675 shares of company stock valued at $79,529,798 over the last ninety days. 51.00% of the stock is owned by company insiders.

Impinj Stock Up 3.2%

Shares of PI opened at $122.80 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $157.79 and a 200 day moving average of $172.16. The company has a market cap of $3.71 billion, a PE ratio of -314.86 and a beta of 1.56. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $247.06.

Impinj (NASDAQ:PI) last announced its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $92.85 million for the quarter, compared to the consensus estimate of $91.87 million. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. On average, sell-side analysts expect that Impinj, Inc. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

PI has been the topic of a number of research reports. Roth Mkm set a $220.00 price target on shares of Impinj in a report on Friday, February 6th. Needham & Company LLC reduced their target price on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Piper Sandler reissued a “mixed” rating and set a $180.00 price target (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Wall Street Zen downgraded Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Evercore reaffirmed an “in-line” rating and set a $112.00 price objective (down from $273.00) on shares of Impinj in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Impinj currently has an average rating of “Hold” and a consensus price target of $173.38.

About Impinj

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).