Insider Selling: Impinj (NASDAQ:PI) Director Sells $4,572,098.08 in Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 33,412 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $136.84, for a total transaction of $4,572,098.08. Following the completion of the transaction, the director directly owned 888,055 shares in the company, valued at $121,521,446.20. The trade was a 3.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, June 9th, Sylebra Capital Llc sold 12,105 shares of Impinj stock. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80.
• 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 transaction 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 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 Price Performance

Shares of Impinj stock opened at $122.69 on Thursday. Impinj, Inc. has a 52-week low of $87.36 and a 52-week high of $247.06. The stock 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 fifty day moving average of $128.85 and a 200-day moving average of $138.76. 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 announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The company had revenue of $74.25 million during the quarter, compared to analysts’ expectations of $72.53 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities research analysts expect that Impinj, Inc. will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Impinj

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PI. The Manufacturers Life Insurance Company raised its holdings in 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 during the last quarter. Invesco Ltd. raised its holdings in 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 during the last quarter. Norges Bank bought a new stake in Impinj during the 4th quarter valued at $55,216,000. William Blair Investment Management LLC bought a new position in Impinj in the 3rd quarter worth $36,259,000. Finally, State Street Corp raised its holdings in Impinj by 10.8% in the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after purchasing an additional 124,792 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Roth Mkm cut their price objective on shares of Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Evercore set a $144.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $175.00 price target on shares of Impinj in a report on Thursday, April 30th. Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Impinj currently has a consensus 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).