Insider Selling: Impinj (NASDAQ:PI) Director Sells 6,313 Shares of Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 6,313 shares of Impinj stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $139.17, for a total transaction of $878,580.21. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 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 shares were 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 shares were sold at an average price of $152.73, for a total transaction of $3,955,096.08.

Impinj Trading Down 1.1%

NASDAQ:PI traded down $1.58 during trading hours on Thursday, hitting $136.18. The company had a trading volume of 337,963 shares, compared to its average volume of 632,467. The company has a market capitalization of $4.15 billion, a PE ratio of -148.02 and a beta of 1.91. The stock has a 50-day moving average price of $126.22 and a 200 day moving average price of $139.43. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06. 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 (NASDAQ:PI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $74.25 million for the quarter, compared to analysts’ expectations of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, equities research analysts predict that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Roth Mkm dropped their target price on shares of Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Weiss Ratings cut shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Piper Sandler restated a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Cantor Fitzgerald dropped their target price on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Finally, Evercore set a $144.00 target price on shares of Impinj in a report 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, the company currently has a consensus rating of “Hold” and an average price target of $175.00.

Hedge Funds Weigh In On Impinj

Several hedge funds and other institutional investors have recently bought and sold shares of PI. Western Wealth Management LLC bought a new position in Impinj during the 1st quarter valued at about $28,000. Hantz Financial Services Inc. lifted its stake in Impinj by 90.4% during the 3rd 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 stake in 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 during the period. Danske Bank A S bought a new position in Impinj during the 4th quarter valued at about $35,000. Finally, Advisors Asset Management Inc. lifted its stake in Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares during the period.

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).