Rep. Marjorie Taylor Greene Purchases Shares of Impinj, Inc. (NASDAQ:PI)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Impinj, Inc. (NASDAQ:PI). In a filing disclosed on May 19th, the Representative disclosed that they had bought between $1,001 and $15,000 in Impinj stock on May 14th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 5/16/2025.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Corning (NYSE:GLW) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Chevron (NYSE:CVX) on 5/14/2025.
• Purchased $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 5/14/2025.

Impinj Stock Performance

Shares of Impinj stock opened at $123.33 on Wednesday. Impinj, Inc. has a one year low of $60.85 and a one year high of $239.88. The company has a market capitalization of $3.57 billion, a PE ratio of 90.68 and a beta of 1.64. The company has a 50-day simple moving average of $89.03 and a two-hundred day simple moving average of $124.17.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, April 23rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.12. The company had revenue of $74.28 million during the quarter, compared to the consensus estimate of $71.73 million. Impinj had a net margin of 11.15% and a return on equity of 7.11%. Impinj’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. On average, equities analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Impinj during the 4th quarter worth approximately $29,000. Banque Transatlantique SA purchased a new position in Impinj in the first quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Impinj in the fourth quarter worth about $33,000. Jones Financial Companies Lllp boosted its stake in shares of Impinj by 205.9% during the 4th quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Impinj during the 1st quarter valued at about $43,000.

Insider Activity at Impinj

In related news, insider Cathal G. Phelan sold 565 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $98.77, for a total value of $55,805.05. Following the transaction, the insider now directly owns 7,925 shares of the company’s stock, valued at approximately $782,752.25. This trade represents a 6.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Cary Baker sold 1,553 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.76, for a total value of $153,374.28. Following the sale, the chief financial officer now owns 76,451 shares of the company’s stock, valued at approximately $7,550,300.76. This trade represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,857 shares of company stock worth $1,665,290 in the last 90 days. Corporate insiders own 12.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Needham & Company LLC lowered their price target on Impinj from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group decreased their target price on Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Evercore ISI upped their target price on Impinj from $99.00 to $117.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Piper Sandler reduced their price target on shares of Impinj from $140.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, StockNews.com cut shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.38.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2026 election.

Impinj Company Profile

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.