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 stock in a transaction on Friday, June 5th. The stock was sold at an average price of $124.06, for a total value of $5,890,244.74. Following the completion of the sale, the director owned 840,576 shares of the company’s stock, valued at $104,281,858.56. The trade was a 5.35% decrease in their position. The sale was disclosed in a 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 value 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 value 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 value of $5,510,812.44.
• On Monday, June 1st, Sylebra Capital Llc sold 7,163 shares of Impinj stock. The shares were 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 shares were 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 3.3%

Shares of Impinj stock opened at $125.04 on Wednesday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of -135.91 and a beta of 1.91. The business has a 50-day moving average price of $128.31 and a 200-day moving average price of $138.94. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities research analysts anticipate that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PI shares. Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Roth Mkm lowered their price target on shares of Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a report on Monday, March 16th. Evercore set a $144.00 price target on shares of Impinj in a report on Thursday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 price target on shares of Impinj in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $175.00.

Institutional Trading of Impinj

Several institutional investors have recently added to or reduced their stakes in PI. Advisors Asset Management Inc. lifted its stake in Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 140 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Impinj by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after purchasing an additional 26,388 shares during the last quarter. Focus Partners Wealth bought a new stake in Impinj in the first quarter worth about $223,000. Intech Investment Management LLC lifted its stake in Impinj by 29.6% in the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,812 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Impinj in the second quarter worth about $3,833,000.

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).