Impinj (NASDAQ:PI) Director Sells $1,541,692.80 in Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the sale, the director directly owned 782,943 shares of the company’s stock, valued at $99,715,620.48. The trade was a 1.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 Friday, June 5th, Sylebra Capital Llc sold 47,479 shares of Impinj stock. The stock was sold at an average price of $124.06, for a total value of $5,890,244.74.
• 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 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

Shares of PI stock opened at $132.77 on Friday. The stock has a fifty day moving average of $130.01 and a 200 day moving average of $138.56. Impinj, Inc. has a 52 week low of $87.36 and a 52 week high of $247.06. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -144.32 and a beta of 1.91. 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 (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $74.25 million during the quarter, compared to analyst estimates of $72.53 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, research analysts expect that Impinj, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PI. Zacks Research raised Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Evercore set a $144.00 price objective on Impinj in a research report on Thursday, April 30th. Barclays raised their price objective on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings lowered Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Finally, UBS Group raised their price objective on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $175.00.

Hedge Funds Weigh In On Impinj

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in Impinj by 85.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock valued at $5,775,000 after buying an additional 13,759 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Impinj in the 3rd quarter worth about $2,784,000. Intech Investment Management LLC raised its position in shares of Impinj by 63.5% in the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock worth $3,225,000 after purchasing an additional 7,194 shares during the last quarter. Aberdeen Group plc raised its position in shares of Impinj by 193.8% in the 4th quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock worth $11,900,000 after purchasing an additional 45,112 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Impinj in the 3rd quarter worth about $36,259,000.

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).