Impinj (NASDAQ:PI) Director Sylebra Capital Llc Sells 38,724 Shares

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 38,724 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $142.31, for a total value of $5,510,812.44. Following the completion of the sale, the director directly owned 927,780 shares in the company, valued at approximately $132,032,371.80. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 stock was sold at an average price of $139.17, for a total value of $878,580.21.
• On Monday, June 1st, Sylebra Capital Llc sold 7,163 shares of Impinj stock. The stock was sold at an average price of $144.29, for a total value of $1,033,549.27.
• On Friday, May 29th, Sylebra Capital Llc sold 48,504 shares of Impinj stock. The stock was 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 Stock Down 1.1%

Shares of NASDAQ:PI opened at $136.18 on Friday. The stock’s 50-day moving average price is $126.90 and its two-hundred day moving average price is $139.39. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of -148.02 and a beta of 1.91.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same period last year, the company earned $0.21 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, research analysts forecast that Impinj, Inc. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

PI has been the topic of several research analyst reports. Piper Sandler reaffirmed a “mixed” rating and issued a $180.00 price objective (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Roth Mkm reduced their price objective on Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price objective on shares of Impinj in a research note on Friday, February 6th. Weiss Ratings lowered Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $175.00.

Hedge Funds Weigh In On Impinj

Hedge funds and other institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of 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 buying an additional 75 shares during the period. Bessemer Group Inc. raised its holdings in shares of Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 84 shares during the period. Swiss Life Asset Management Ltd raised its holdings in shares of Impinj by 7.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock valued at $226,000 after buying an additional 92 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Impinj by 4.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock valued at $429,000 after buying an additional 97 shares during the period. Finally, Xponance LLC raised its holdings in shares of Impinj by 4.9% during the 4th quarter. Xponance LLC now owns 2,138 shares of the company’s stock valued at $372,000 after buying an additional 99 shares during the period.

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).