Impinj (NASDAQ:PI) Director Sells $5,510,812.44 in Stock

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

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

Impinj Price Performance

Shares of NASDAQ PI opened at $120.93 on Friday. 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 company has a market cap of $3.68 billion, a PE ratio of -131.45 and a beta of 1.91. The business has a 50-day simple moving average of $127.24 and a two-hundred day simple moving average of $139.26. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its holdings in 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 acquiring an additional 75 shares during the period. Bessemer Group Inc. lifted its holdings in 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 acquiring an additional 84 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in Impinj by 7.6% in the fourth 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 during the period. Vanguard Personalized Indexing Management LLC lifted its holdings 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 lifted its holdings 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.

Wall Street Analyst Weigh In

PI has been the subject of several recent analyst reports. Barclays raised their price target on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings cut Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. UBS Group raised their price objective on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Evercore set a $144.00 price objective on Impinj in a research note on Thursday, April 30th. Five 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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).