Sylebra Capital Llc Sells 12,105 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 12,105 shares of Impinj stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the sale, the director owned 782,943 shares of the company’s stock, valued at approximately $99,715,620.48. This represents a 1.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $128.94, for a total transaction of $5,870,380.32.
• On Friday, June 5th, Sylebra Capital Llc sold 47,479 shares of Impinj stock. The shares were sold at an average price of $124.06, for a total transaction 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 transaction of $4,572,098.08.
• On Wednesday, June 3rd, Sylebra Capital Llc sold 6,313 shares of Impinj stock. The shares were 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 shares were 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 Trading Up 6.0%

NASDAQ PI opened at $130.08 on Friday. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The stock has a 50-day simple moving average of $129.39 and a 200 day simple moving average of $138.60. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $3.96 billion, a PE ratio of -141.39 and a beta of 1.91.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $74.25 million for the quarter, compared to analysts’ expectations 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 was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Research analysts forecast that Impinj, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Roth Mkm lowered 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. Evercore set a $144.00 price target on shares of Impinj in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, UBS Group raised their price objective on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Impinj currently has a consensus rating of “Hold” and an average price target of $175.00.

Institutional Investors Weigh In On Impinj

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its position in Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. increased its holdings in Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 84 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in Impinj by 7.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock worth $226,000 after purchasing an additional 92 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Impinj by 4.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock valued at $429,000 after purchasing an additional 97 shares during the period. Finally, Xponance LLC lifted its holdings in shares of Impinj by 4.9% in the fourth quarter. Xponance LLC now owns 2,138 shares of the company’s stock valued at $372,000 after purchasing an additional 99 shares in the last quarter.

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).