Envestnet Asset Management Inc. Cuts Position in Impinj, Inc. $PI

Envestnet Asset Management Inc. trimmed its holdings in shares of Impinj, Inc. (NASDAQ:PI) by 58.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,409 shares of the company’s stock after selling 26,799 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Impinj worth $3,508,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Impinj by 3.5% during the third quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock valued at $303,000 after buying an additional 57 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Impinj by 0.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock worth $3,113,000 after purchasing an additional 66 shares during the last quarter. Amalgamated Bank boosted its stake in Impinj by 1.1% in the 2nd quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock worth $741,000 after purchasing an additional 74 shares in the last quarter. Hantz Financial Services Inc. grew its position in Impinj by 90.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after purchasing an additional 75 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Impinj by 17.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 579 shares of the company’s stock valued at $64,000 after purchasing an additional 88 shares in the last quarter.

Impinj Trading Up 3.2%

Impinj stock opened at $122.80 on Wednesday. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $247.06. The company has a market cap of $3.71 billion, a P/E ratio of -314.86 and a beta of 1.56. 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 50-day simple moving average of $157.79 and a two-hundred day simple moving average of $172.16.

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

Analysts Set New Price Targets

PI has been the subject of several analyst reports. Cantor Fitzgerald reduced their price target on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. UBS Group set a $155.00 target price on Impinj in a research note on Friday, February 6th. Barclays decreased their price target on Impinj from $211.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Zacks Research cut Impinj from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Impinj has an average rating of “Hold” and an average price target of $173.38.

Insider Buying and Selling

In other news, insider Sylebra Capital Llc sold 134,629 shares of Impinj stock in a transaction dated 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 transaction, the insider directly owned 1,132,152 shares of the company’s stock, valued at $170,230,374.72. The trade was a 10.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 508,675 shares of company stock valued at $79,529,798 in the last three months. Corporate insiders own 51.00% of the company’s stock.

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).