Impinj (NASDAQ:PI) Director Sylebra Capital Llc Sells 47,479 Shares

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 47,479 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $124.06, for a total transaction of $5,890,244.74. Following the completion of the transaction, the director owned 840,576 shares in the company, valued at approximately $104,281,858.56. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, June 4th, Sylebra Capital Llc sold 33,412 shares of Impinj stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $152.73, for a total transaction of $3,955,096.08.

Impinj Price Performance

Shares of PI stock traded down $4.29 during trading on Tuesday, hitting $125.04. The company had a trading volume of 629,237 shares, compared to its average volume of 632,031. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. The stock’s 50-day moving average is $127.79 and its two-hundred day moving average is $139.11. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of -135.91 and a beta of 1.91.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 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 business had revenue of $74.25 million for the quarter, compared to analysts’ expectations of $72.53 million. During the same period last year, the business earned $0.21 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, analysts predict that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Impinj

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Impinj by 85.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock worth $5,775,000 after buying an additional 13,759 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Impinj in the 3rd quarter worth about $2,784,000. Intech Investment Management LLC increased its holdings in Impinj by 63.5% in the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock worth $3,225,000 after buying an additional 7,194 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Impinj in the 3rd quarter worth about $36,259,000. Finally, Aberdeen Group plc increased its holdings in Impinj by 193.8% in the 4th quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock worth $11,900,000 after buying an additional 45,112 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on PI shares. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Zacks Research raised Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Evercore set a $144.00 price objective on Impinj in a research note on Thursday, April 30th. Finally, UBS Group increased their price objective on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Impinj currently 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).