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Impinj INC (NASDAQ:PI) Chief Executive Officer Chris Diorio sold a total of $1.9 million in company stock on September 8th and 9th. The sales involved multiple transactions with prices ranging from $190.4208 to $199.77 per share. The stock, which has surged nearly 94% over the past six months and currently trades at $195.34, appears overvalued according to InvestingPro analysis.
According to a Form 4 filing with the Securities and Exchange Commission, Diorio sold 11,733 shares of Impinj INC common stock. The transactions were executed on September 8th and September 9th. The sales come as technical indicators suggest the stock is in overbought territory, one of several insights available on InvestingPro.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan, which was put in place on May 28, 2025. Following these transactions, Diorio directly owns 336,109 shares of Impinj INC, representing a significant stake in the $5.67 billion market cap company. He also indirectly owns 199,362 shares through DFT L.L.C. For deeper insights into Impinj’s valuation and comprehensive analysis, investors can access the full Pro Research Report on InvestingPro.
In other recent news, Impinj Inc. reported its second-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.80, compared to the projected $0.71. The company’s revenue for the quarter was $97.9 million, surpassing the forecast of $93.75 million. Needham responded to these results by raising its price target for Impinj to $165, maintaining a Buy rating due to the company’s strong execution despite a 4% year-over-year revenue decline. In a separate development, Impinj announced the pricing of $170 million in 0% Convertible Senior Notes due 2029, increasing the offering size from the initially planned $150 million. The company also granted initial purchasers an option to buy an additional $20 million in notes. These notes are set to mature on September 15, 2029, with settlement expected on September 8, 2025. Prior to this announcement, Impinj had revealed its intention to offer $150 million in convertible senior notes, with an option for purchasers to acquire an additional $25 million.
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