Sylebra Capital Llc Sells 33,412 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 33,412 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $136.84, for a total transaction of $4,572,098.08. Following the transaction, the director directly owned 888,055 shares in the company, valued at $121,521,446.20. The trade was a 3.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 transaction of $5,890,244.74.
• 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 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 Performance

Shares of PI stock opened at $125.04 on Wednesday. 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, Inc. has a one year low of $87.36 and a one year high of $247.06. The company’s 50-day simple moving average is $128.31 and its 200-day simple moving average is $138.94. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of -135.91 and a beta of 1.91.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The business had revenue of $74.25 million for the quarter, compared to analysts’ expectations of $72.53 million. During the same quarter last year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities analysts anticipate that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Impinj

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Impinj by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock worth $603,110,000 after acquiring an additional 85,882 shares during the period. Invesco Ltd. increased its stake in shares of Impinj by 6.5% in the fourth quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock valued at $224,104,000 after purchasing an additional 78,587 shares during the period. State Street Corp increased 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. Price T Rowe Associates Inc. MD increased its stake in shares of Impinj by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock valued at $120,519,000 after purchasing an additional 18,263 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Impinj by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 667,647 shares of the company’s stock valued at $116,195,000 after purchasing an additional 42,792 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PI shares. Weiss Ratings cut shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Roth Mkm dropped their price objective on shares of Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Evercore set a $144.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. 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 investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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).