Sylebra Capital Llc Sells 48,504 Shares of Impinj (NASDAQ:PI) Stock

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

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

• 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 8th, Sylebra Capital Llc sold 25,896 shares of Impinj stock. The shares were sold at an average price of $152.73, for a total value of $3,955,096.08.

Impinj Price Performance

Impinj stock opened at $137.76 on Thursday. The business’s 50-day simple moving average is $126.22 and its 200 day simple moving average is $139.43. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of -149.74 and a beta of 1.91. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06.

Impinj (NASDAQ:PI) last announced its quarterly earnings data 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. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The firm had revenue of $74.25 million during the quarter, compared to analysts’ expectations of $72.53 million. During the same period in the previous year, the business posted $0.21 EPS. 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. As a group, research analysts anticipate that Impinj, Inc. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

PI has been the subject of a number of analyst reports. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Barclays increased their price target on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. UBS Group raised their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Roth Mkm decreased their price objective on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five research 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. Based on data from MarketBeat, Impinj currently has a consensus rating of “Hold” and an average price target of $175.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new stake in shares of Impinj during the first quarter worth about $28,000. Janus Henderson Group PLC raised its holdings in Impinj by 40.1% during the 1st quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock worth $2,877,000 after buying an additional 8,023 shares during the period. California State Teachers Retirement System raised its holdings in Impinj by 29.3% during the 1st quarter. California State Teachers Retirement System now owns 33,902 shares of the company’s stock worth $3,482,000 after buying an additional 7,678 shares during the period. Royal Bank of Canada lifted its stake in Impinj by 307.8% in the first quarter. Royal Bank of Canada now owns 13,812 shares of the company’s stock valued at $1,420,000 after buying an additional 10,425 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake 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 valued at $43,745,000 after buying an additional 409,182 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).