William Blair Investment Management LLC Makes New Investment in Impinj, Inc. $PI

William Blair Investment Management LLC purchased a new position in shares of Impinj, Inc. (NASDAQ:PI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 296,821 shares of the company’s stock, valued at approximately $42,514,000. William Blair Investment Management LLC owned approximately 0.97% of Impinj as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Western Wealth Management LLC acquired a new stake in shares of Impinj during the 1st quarter valued at $28,000. Global Retirement Partners LLC acquired a new position in Impinj in the 2nd quarter worth about $31,000. Danske Bank A S bought a new position in Impinj in the fourth quarter valued at about $35,000. Advisors Asset Management Inc. raised its position in 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 purchasing an additional 140 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in shares of Impinj during the second quarter valued at about $52,000.

Impinj Stock Performance

Shares of PI stock opened at $165.54 on Friday. The business’s 50 day simple moving average is $147.22 and its 200 day simple moving average is $130.80. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06. The stock has a market capitalization of $5.06 billion, a PE ratio of -179.93 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, research analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PI shares. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of Impinj in a report on Thursday, July 30th. Evercore set a $144.00 price objective on shares of Impinj in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Jefferies Financial Group boosted their target price on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Needham & Company LLC decreased their price target on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $183.30.

Insider Buying and Selling at Impinj

In other Impinj news, CFO Cary Baker sold 1,429 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the sale, the chief financial officer owned 88,226 shares of the company’s stock, valued at approximately $16,321,810. This represents a 1.59% 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. Also, Director Sylebra Capital Llc sold 48,504 shares of Impinj stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $150.78, for a total value of $7,313,433.12. Following the completion of the transaction, the director directly owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. This trade represents a 4.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 240,657 shares of company stock worth $32,875,156. 6.80% of the stock is owned by company 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).