Impinj (NASDAQ:PI) Director Sells $1,541,692.80 in Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 12,105 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the transaction, the director directly owned 782,943 shares in the company, valued at $99,715,620.48. This represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, June 8th, Sylebra Capital Llc sold 45,528 shares of Impinj stock. The shares were sold at an average price of $128.94, for a total value of $5,870,380.32.
• On Friday, June 5th, Sylebra Capital Llc sold 47,479 shares of Impinj stock. The shares were sold at an average price of $124.06, for a total transaction of $5,890,244.74.
• On Thursday, June 4th, Sylebra Capital Llc sold 33,412 shares of Impinj stock. The shares were sold at an average price of $136.84, for a total transaction of $4,572,098.08.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,955,096.08.

Impinj Stock Down 1.9%

Shares of NASDAQ PI traded down $2.35 during trading on Wednesday, hitting $122.69. 408,218 shares of the company traded hands, compared to its average volume of 629,997. The business’s fifty day moving average is $128.31 and its 200 day moving average is $138.94. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of -133.36 and a beta of 1.91. 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 (NASDAQ:PI) last posted its earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The company 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities research analysts predict that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PI. UBS Group boosted their target price on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $175.00 target price on shares of Impinj in a research report on Thursday, April 30th. Evercore set a $144.00 target price on shares of Impinj in a research report on Thursday, April 30th. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Roth Mkm reduced their price objective 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. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $175.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Impinj by 2,441.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock valued at $43,745,000 after buying an additional 409,182 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after buying an additional 393,685 shares in the last quarter. Norges Bank purchased a new stake in shares of Impinj during the 4th quarter valued at approximately $55,216,000. William Blair Investment Management LLC purchased a new stake in shares of Impinj during the 3rd quarter valued at approximately $36,259,000. Finally, State Street Corp lifted its stake in shares of Impinj by 10.8% during the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after buying an additional 124,792 shares in 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).