Insider Selling: Impinj (NASDAQ:PI) Director Sells 45,528 Shares of Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 45,528 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $128.94, for a total transaction of $5,870,380.32. Following the completion of the sale, the director owned 795,048 shares in the company, valued at $102,513,489.12. The trade was a 5.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, June 9th, Sylebra Capital Llc sold 12,105 shares of Impinj stock. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80.
• On Friday, June 5th, Sylebra Capital Llc sold 47,479 shares of Impinj stock. The shares were sold at an average price of $124.06, for a total transaction of $5,890,244.74.
• On Thursday, June 4th, Sylebra Capital Llc sold 33,412 shares of Impinj stock. The shares were 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 shares were 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 shares were 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 shares were 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 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 Stock Performance

Impinj stock traded down $2.35 during mid-day trading on Wednesday, hitting $122.69. The company had a trading volume of 408,218 shares, compared to its average volume of 629,997. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06. The company’s fifty day moving average is $128.31 and its 200-day moving average is $138.94. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of -133.36 and a beta of 1.91.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $72.53 million. During the same quarter in the prior year, the firm posted $0.21 EPS. 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. Equities research analysts predict that Impinj, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Western Wealth Management LLC acquired a new position in Impinj in the 1st quarter valued at $28,000. Hantz Financial Services Inc. raised its stake in Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after purchasing an additional 75 shares during the last quarter. Bessemer Group Inc. raised its stake in Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Danske Bank A S acquired a new position in Impinj in the 4th quarter valued at $35,000. Finally, Advisors Asset Management Inc. raised its stake in Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $175.00 price objective on shares of Impinj in a research report on Thursday, April 30th. Weiss Ratings lowered Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Roth Mkm reduced their target price on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, UBS Group upped their target price on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating 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 given a Sell rating to the company. According to data from MarketBeat.com, Impinj presently has a consensus rating of “Hold” and a consensus price target of $175.00.

About Impinj

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).