Citigroup Inc. Sells 17,656 Shares of Impinj, Inc. $PI

Citigroup Inc. reduced its position in Impinj, Inc. (NASDAQ:PI) by 60.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,681 shares of the company’s stock after selling 17,656 shares during the quarter. Citigroup Inc.’s holdings in Impinj were worth $2,111,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after buying an additional 140 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Impinj by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after buying an additional 26,388 shares in the last quarter. Focus Partners Wealth bought a new position in Impinj during the first quarter valued at approximately $223,000. Intech Investment Management LLC raised its stake in shares of Impinj by 29.6% during the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after acquiring an additional 3,812 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Impinj by 41.2% during the second quarter. Envestnet Asset Management Inc. now owns 46,208 shares of the company’s stock worth $5,132,000 after acquiring an additional 13,472 shares in the last quarter.

Impinj Stock Performance

NASDAQ:PI opened at $94.29 on Friday. The firm has a market cap of $2.85 billion, a PE ratio of -241.76 and a beta of 1.56. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $247.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68. The business has a 50 day moving average price of $148.25 and a 200-day moving average price of $169.33.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PI. Evercore restated an “in-line” rating and issued a $112.00 price objective (down from $273.00) on shares of Impinj in a report on Friday, February 6th. Susquehanna reiterated a “positive” rating and issued a $200.00 target price on shares of Impinj in a research report on Friday, February 6th. UBS Group set a $155.00 price target on shares of Impinj in a research note on Friday, February 6th. Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Roth Mkm set a $220.00 price objective on Impinj in a research note on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $173.38.

Insider Transactions at Impinj

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $150.36, for a total value of $20,242,816.44. Following the transaction, the insider owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. The trade was a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 367,685 shares of company stock valued at $55,795,532. 12.40% of the stock is owned by company insiders.

Impinj Company 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).