Sylebra Capital Llc Sells 7,163 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 7,163 shares of Impinj stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $144.29, for a total value of $1,033,549.27. Following the sale, the director directly owned 966,504 shares in the company, valued at approximately $139,456,862.16. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 transaction 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 transaction of $3,955,096.08.

Impinj Stock Down 3.8%

NASDAQ:PI opened at $137.76 on Thursday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of -149.74 and a beta of 1.91. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06. The stock has a 50-day simple moving average of $126.22 and a 200 day simple moving average of $139.43. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20.

Impinj (NASDAQ:PI) last posted 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. The business had revenue of $74.25 million during the quarter, compared to the consensus estimate of $72.53 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Sell-side analysts predict that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Impinj

A number of large investors have recently bought and sold shares of the business. Western Wealth Management LLC bought a new position in Impinj in the first quarter worth about $28,000. Janus Henderson Group PLC lifted its holdings in Impinj by 40.1% in the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock worth $2,877,000 after acquiring an additional 8,023 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Impinj by 29.3% in the first quarter. California State Teachers Retirement System now owns 33,902 shares of the company’s stock worth $3,482,000 after acquiring an additional 7,678 shares during the last quarter. Royal Bank of Canada lifted its holdings in Impinj by 307.8% in the first quarter. Royal Bank of Canada now owns 13,812 shares of the company’s stock worth $1,420,000 after acquiring an additional 10,425 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Impinj by 2,441.0% in the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after acquiring an additional 409,182 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on PI. UBS Group lifted their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Evercore set a $144.00 price target on Impinj in a research note on Thursday, April 30th. Cantor Fitzgerald decreased their price target on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Barclays lifted their price target on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Five 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 stock. According to data from MarketBeat, Impinj currently 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).