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Impinj INC (NASDAQ:PI) Chief Executive Officer Chris Diorio sold 9,990 shares of the company’s common stock on September 2nd and 3rd, according to a new Form 4 filing with the Securities and Exchange Commission. The sales come as the stock, currently trading at $194.47 with a market capitalization of $5.6 billion, appears overvalued according to InvestingPro analysis. The sales, which totaled $1.85 million, occurred in multiple transactions with prices ranging from $180.5592 to $190.153 per share. The stock has shown remarkable strength, gaining over 115% in the past six months, though InvestingPro indicators suggest the stock is currently in overbought territory.
On September 2nd, Diorio sold 4,517 shares at a weighted average price of $180.5592, with individual sales prices ranging from $180.00 to $180.82. An additional 483 shares were sold on the same day at an average price of $181.3539, in a range of $181.185 to $181.54.
The sales continued on September 3rd, with 80 shares sold at $186.3650, 925 shares at an average of $187.9578 (ranging from $187.8650 to $188.4050), 1,438 shares at an average of $189.4900 (ranging from $188.9201 to $189.8300), and 2,557 shares at an average of $190.1530 (ranging from $190.0000 to $190.4050).
Following these transactions, Diorio directly owns 346,109 shares of Impinj INC. The sales were executed under a pre-arranged Rule 10b5-1 trading plan, which was put in place on May 28, 2025. Diorio also indirectly owns 199,362 shares through DFT L.L.C. The company maintains strong liquidity with a current ratio of 11.64, demonstrating robust financial health. Discover 14 additional key insights about Impinj with an InvestingPro subscription, including detailed valuation metrics and growth prospects.
In other recent news, Impinj reported its second-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.80, compared to the forecasted $0.71. The company also reported a revenue of $97.9 million, exceeding the forecast of $93.75 million. Despite a 4% year-over-year revenue decline in Q2, this performance exceeded Wall Street expectations of an 8.5% decline. Following these results, Needham raised its price target for Impinj to $165 from $115 while maintaining a Buy rating. Additionally, Impinj announced plans to offer $150 million in convertible senior notes due 2029 in a private placement to qualified institutional buyers. The company also plans to grant initial purchasers an option to buy an additional $25 million in notes. These notes will be senior, unsecured obligations with interest payable semi-annually.
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