Impinj (NASDAQ:PI) Director Sylebra Capital Llc Sells 25,896 Shares

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 25,896 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $152.73, for a total transaction of $3,955,096.08. Following the completion of the transaction, the director owned 1,070,085 shares of the company’s stock, valued at approximately $163,434,082.05. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Impinj Stock Performance

PI stock opened at $148.25 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20. The stock has a market cap of $4.52 billion, a P/E ratio of -161.14 and a beta of 1.93. The firm has a 50 day simple moving average of $111.90 and a 200 day simple moving average of $144.79. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06.

Impinj (NASDAQ:PI) last posted its quarterly 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 business had revenue of $74.25 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Research analysts anticipate that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Impinj

Institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in shares of Impinj in the third quarter valued at approximately $27,000. Hantz Financial Services Inc. raised its position in shares of Impinj by 90.4% in the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after purchasing an additional 75 shares during the period. Bessemer Group Inc. raised its position in shares of Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 84 shares during the period. Danske Bank A S bought a new position in shares of Impinj in the fourth quarter valued at approximately $35,000. Finally, Rothschild Investment LLC raised its position in shares of Impinj by 572.5% in the third quarter. Rothschild Investment LLC now owns 269 shares of the company’s stock valued at $49,000 after purchasing an additional 229 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PI. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Piper Sandler restated a “mixed” rating and set a $180.00 price target (down from $230.00) on shares of Impinj in a report on Friday, February 6th. UBS Group raised their price target on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Barclays raised their price target on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Five research 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 MarketBeat.com, Impinj presently has a consensus rating of “Hold” and a consensus price target of $175.00.

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).