Insider Selling: Impinj (NASDAQ:PI) Director Sells $5,890,244.74 in Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 47,479 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 840,576 shares in the company, valued at $104,281,858.56. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was sold at an average price of $127.36, for a total value of $1,541,692.80.
• On Monday, June 8th, Sylebra Capital Llc sold 45,528 shares of Impinj stock. The stock was sold at an average price of $128.94, for a total value of $5,870,380.32.
• 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 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 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 Price Performance

PI opened at $130.08 on Friday. 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 12 month low of $87.36 and a 12 month high of $247.06. The company has a fifty day simple moving average of $129.39 and a 200 day simple moving average of $138.60. The stock has a market cap of $3.96 billion, a P/E ratio of -141.39 and a beta of 1.91.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping 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 negative net margin of 7.66% and a positive return on equity of 5.67%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. 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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Roth Mkm reduced their target price on shares of Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. UBS Group increased their price objective on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Barclays increased their price objective on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $175.00.

Hedge Funds Weigh In On Impinj

A number of large investors have recently modified their holdings of PI. Advisors Asset Management Inc. boosted its stake in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after buying an additional 140 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Impinj by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares during the period. Focus Partners Wealth bought a new stake in shares of Impinj in the 1st quarter valued at about $223,000. Intech Investment Management LLC raised its holdings in shares of Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after purchasing an additional 3,812 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Impinj in the 2nd quarter valued at about $3,833,000.

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).