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

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

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 shares were sold at an average price of $152.73, for a total value of $3,955,096.08.

Impinj Trading Down 1.1%

NASDAQ PI traded down $1.58 during trading on Thursday, hitting $136.18. 337,963 shares of the company’s stock traded hands, compared to its average volume of 632,467. The stock has a fifty day moving average of $126.22 and a two-hundred day moving average of $139.43. The firm has a market cap of $4.15 billion, a P/E ratio of -148.02 and a beta of 1.91. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Western Wealth Management LLC purchased a new stake in shares of Impinj during the first quarter worth about $28,000. Hantz Financial Services Inc. raised its holdings in shares of Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares during the last quarter. Bessemer Group Inc. grew its position in Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 84 shares during the period. Danske Bank A S acquired a new position in Impinj during the 4th quarter worth $35,000. Finally, Advisors Asset Management Inc. raised its stake in Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after buying an additional 140 shares in the last quarter.

Analyst Upgrades and Downgrades

PI has been the topic of a number of analyst reports. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $175.00 target price on shares of Impinj in a research note on Thursday, April 30th. Evercore set a $144.00 price objective on Impinj in a research report on Thursday, April 30th. UBS Group increased their price objective on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald decreased their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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).