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

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 25,896 shares of Impinj stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $152.73, for a total value 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. This represents a 2.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Impinj Price Performance

PI stock traded down $5.49 during mid-day trading on Tuesday, reaching $148.25. 461,328 shares of the company’s stock were exchanged, compared to its average volume of 665,539. 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. The stock’s 50 day moving average is $111.39 and its 200 day moving average is $145.17. The company has a market cap of $4.52 billion, a price-to-earnings ratio of -161.14 and a beta of 1.93.

Impinj (NASDAQ:PI) last posted its quarterly earnings data 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 positive return on equity of 5.67% and a negative net margin of 7.66%.The business had revenue of $74.25 million during the quarter, compared to analysts’ expectations of $72.53 million. During the same period in the previous year, the business earned $0.21 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, research analysts expect that Impinj, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Impinj by 85.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock worth $5,775,000 after purchasing an additional 13,759 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Impinj in the third quarter valued at $2,784,000. William Blair Investment Management LLC purchased a new stake in Impinj during the 3rd quarter worth about $36,259,000. New York State Teachers Retirement System lifted its holdings in Impinj by 207.3% during the 3rd quarter. New York State Teachers Retirement System now owns 16,900 shares of the company’s stock worth $3,055,000 after buying an additional 11,400 shares during the last quarter. Finally, Aberdeen Group plc boosted its position in shares of Impinj by 193.8% during the 4th quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock worth $11,900,000 after acquiring an additional 45,112 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PI shares. Barclays upped their price target on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Evercore set a $144.00 target price on Impinj in a report on Thursday, April 30th. UBS Group raised their target price on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Piper Sandler reaffirmed a “mixed” rating and issued a $180.00 price target (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Finally, Weiss Ratings lowered Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. 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 company. According to data from MarketBeat.com, Impinj currently has an average 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).