Insider Selling: Impinj (NASDAQ:PI) Director Sells $1,033,549.27 in Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 7,163 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $144.29, for a total value of $1,033,549.27. Following the transaction, the director owned 966,504 shares of the company’s stock, valued at $139,456,862.16. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sylebra Capital Llc also recently made the following trade(s):

• On Wednesday, June 3rd, Sylebra Capital Llc sold 6,313 shares of Impinj stock. The shares were sold at an average price of $139.17, for a total value of $878,580.21.
• On Tuesday, June 2nd, Sylebra Capital Llc sold 38,724 shares of Impinj stock. The shares were sold at an average price of $142.31, for a total value of $5,510,812.44.
• On Friday, May 29th, Sylebra Capital Llc sold 48,504 shares of Impinj stock. The shares were sold at an average price of $150.78, for a total value of $7,313,433.12.
• On Friday, May 8th, Sylebra Capital Llc sold 25,896 shares of Impinj stock. The stock was sold at an average price of $152.73, for a total value of $3,955,096.08.

Impinj Trading Down 1.1%

Shares of NASDAQ:PI opened at $136.18 on Friday. The business’s 50-day moving average is $126.90 and its 200 day moving average is $139.39. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The firm has a market capitalization of $4.15 billion, a P/E ratio of -148.02 and a beta of 1.91. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The company had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same period in the prior year, the company posted $0.21 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, research analysts predict that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new position in Impinj in the first quarter valued at $28,000. Janus Henderson Group PLC increased its position in shares of Impinj by 40.1% during the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock worth $2,877,000 after purchasing an additional 8,023 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Impinj by 29.3% during the first quarter. California State Teachers Retirement System now owns 33,902 shares of the company’s stock worth $3,482,000 after purchasing an additional 7,678 shares in the last quarter. Royal Bank of Canada increased its position in Impinj by 307.8% in the 1st quarter. Royal Bank of Canada now owns 13,812 shares of the company’s stock valued at $1,420,000 after acquiring an additional 10,425 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Impinj by 2,441.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock valued at $43,745,000 after acquiring an additional 409,182 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PI. Weiss Ratings lowered Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Piper Sandler restated a “mixed” rating and issued a $180.00 target price (down from $230.00) on shares of Impinj in a research report on Friday, February 6th. UBS Group increased their price target on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 price target on shares of Impinj in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Impinj presently has an average rating of “Hold” and an average target price of $175.00.

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).