Impinj (NASDAQ:PI) Director Sylebra Capital Llc Sells 6,313 Shares

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 6,313 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $139.17, for a total transaction of $878,580.21. Following the transaction, the director owned 921,467 shares in the company, valued at approximately $128,240,562.39. This trade represents a 0.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 Stock Down 1.1%

PI stock opened at $136.18 on Friday. 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 52-week low of $87.36 and a 52-week high of $247.06. The company has a 50-day moving average of $126.90 and a two-hundred day moving average of $139.39. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of -148.02 and a beta of 1.91.

Impinj (NASDAQ:PI) last released its quarterly earnings results 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 period in the prior year, the company earned $0.21 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, equities research analysts anticipate that Impinj, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its holdings in shares of Impinj by 90.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after purchasing an additional 75 shares during the period. Bessemer Group Inc. boosted its position in shares of Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after acquiring an additional 84 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of Impinj by 7.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock valued at $226,000 after acquiring an additional 92 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Impinj by 4.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock valued at $429,000 after acquiring an additional 97 shares during the period. Finally, Xponance LLC increased its stake in Impinj by 4.9% in the fourth quarter. Xponance LLC now owns 2,138 shares of the company’s stock valued at $372,000 after acquiring an additional 99 shares during the period.

Analysts Set New Price Targets

PI has been the subject of several research analyst reports. Roth Mkm cut their price objective on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Cantor Fitzgerald reduced their price objective on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Piper Sandler reissued a “mixed” rating and issued a $180.00 price objective (down from $230.00) on shares of Impinj in a research report on Friday, February 6th. Evercore set a $144.00 price objective on Impinj in a research report on Thursday, April 30th. Finally, Barclays increased their price target on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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).