Impinj (NASDAQ:PI) Stock Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Impinj, Inc. NASDAQ: PI. In a filing disclosed on March 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Impinj stock on March 3rd.

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

• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/7/2025.
• Purchased $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 3/7/2025.
• Purchased $1,001 - $15,000 in shares of Dollar General NYSE: DG on 3/7/2025.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 3/7/2025.
• Purchased $15,001 - $50,000 in shares of iShares Bitcoin Trust NASDAQ: IBIT on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Dollar General NYSE: DG on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Norfolk Southern NYSE: NSC on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Devon Energy NYSE: DVN on 2/12/2025.

Impinj Stock Up 0.8 %

PI stock traded up $0.76 during midday trading on Thursday, reaching $91.92. The stock had a trading volume of 33,741 shares, compared to its average volume of 525,069. The business has a fifty day simple moving average of $118.43 and a two-hundred day simple moving average of $163.18. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 67.46 and a beta of 1.98. Impinj, Inc. has a twelve month low of $84.17 and a twelve month high of $239.88.

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Impinj (NASDAQ:PI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. On average, equities analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PI. Canada Pension Plan Investment Board bought a new position in shares of Impinj in the fourth quarter worth $29,000. National Bank of Canada FI bought a new position in shares of Impinj in the third quarter worth $30,000. Farther Finance Advisors LLC increased its position in shares of Impinj by 1,084.6% in the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company's stock worth $33,000 after purchasing an additional 141 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Impinj in the fourth quarter worth $33,000. Finally, Jones Financial Companies Lllp increased its position in shares of Impinj by 205.9% in the fourth quarter. Jones Financial Companies Lllp now owns 260 shares of the company's stock worth $38,000 after purchasing an additional 175 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PI. Piper Sandler reduced their price target on Impinj from $235.00 to $140.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald raised Impinj to a "strong-buy" rating in a research report on Thursday, February 27th. StockNews.com downgraded Impinj from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Needham & Company LLC reduced their price target on Impinj from $182.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group cut their price objective on Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $180.10.

Insider Buying and Selling

In other news, insider Cathal G. Phelan sold 210 shares of Impinj stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total transaction of $30,672.60. Following the sale, the insider now directly owns 6,979 shares of the company's stock, valued at approximately $1,019,352.74. This trade represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Chris Ph.D. Diorio sold 8,334 shares of Impinj stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $98.78, for a total value of $823,232.52. Following the sale, the chief executive officer now directly owns 354,076 shares in the company, valued at $34,975,627.28. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,323 shares of company stock worth $2,454,588. Company insiders own 51.00% of the company's stock.

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.

About Impinj

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.