Sylebra Capital Llc Sells 6,313 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 6,313 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $139.17, for a total value of $878,580.21. Following the completion of the sale, the director owned 921,467 shares in the company, valued at $128,240,562.39. The trade was a 0.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 Monday, June 1st, Sylebra Capital Llc sold 7,163 shares of Impinj stock. The shares were 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 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 shares were sold at an average price of $152.73, for a total value of $3,955,096.08.

Impinj Trading Down 11.2%

NASDAQ PI opened at $120.93 on Friday. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of -131.45 and a beta of 1.91. The stock’s 50 day moving average price is $127.24 and its two-hundred day moving average price is $139.26. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Roth Mkm decreased their target price on shares of Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Piper Sandler reaffirmed 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. Barclays raised their target price on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Impinj in a research report on Friday, February 6th. Finally, Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $175.00.

Institutional Trading of Impinj

A number of large investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in Impinj in the first quarter valued at $28,000. Janus Henderson Group PLC lifted its stake in Impinj by 40.1% in the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock valued at $2,877,000 after acquiring an additional 8,023 shares during the last quarter. California State Teachers Retirement System lifted its stake in Impinj by 29.3% in the first quarter. California State Teachers Retirement System now owns 33,902 shares of the company’s stock valued at $3,482,000 after acquiring an additional 7,678 shares during the last quarter. Royal Bank of Canada lifted its stake in Impinj by 307.8% in the first 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 last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Impinj by 2,441.0% in the first 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 last quarter.

Impinj Company Profile

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).