Impinj (NASDAQ:PI) Director Sells $7,313,433.12 in Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 48,504 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the sale, the director owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction of $1,033,549.27.
• 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 transaction of $3,955,096.08.

Impinj Trading Down 1.1%

Shares of PI stock opened at $136.18 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The firm has a market cap of $4.15 billion, a PE ratio of -148.02 and a beta of 1.91. The company has a 50-day moving average of $126.90 and a two-hundred day moving average of $139.39. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $247.06.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company 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%. Impinj’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, analysts predict that Impinj, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PI. The Manufacturers Life Insurance Company boosted its stake in shares of Impinj by 2,441.0% in the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock valued at $43,745,000 after purchasing an additional 409,182 shares during the period. Invesco Ltd. boosted its stake in shares of Impinj by 48.3% in the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after purchasing an additional 393,685 shares during the period. Norges Bank purchased a new position in shares of Impinj in the fourth quarter valued at approximately $55,216,000. William Blair Investment Management LLC purchased a new position in shares of Impinj in the third quarter valued at approximately $36,259,000. Finally, State Street Corp boosted its stake in shares of Impinj by 10.8% in the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after purchasing an additional 124,792 shares during the period.

Analyst Upgrades and Downgrades

PI has been the subject of several research analyst reports. Piper Sandler reaffirmed a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 target price on shares of Impinj in a research note on Thursday, April 30th. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $175.00.

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).