Sylebra Capital Llc Sells 38,724 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 38,724 shares of Impinj stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $142.31, for a total value of $5,510,812.44. Following the completion of the transaction, the director owned 927,780 shares of the company’s stock, valued at approximately $132,032,371.80. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $139.17, for a total value of $878,580.21.
• 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 Down 11.2%

PI stock opened at $120.93 on Friday. The company has a market cap of $3.68 billion, a P/E ratio of -131.45 and a beta of 1.91. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. 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 business has a fifty day moving average of $127.24 and a 200-day moving average of $139.26.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company 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 firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, equities research analysts expect that Impinj, Inc. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

PI has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 price objective on shares of Impinj in a report on Thursday, April 30th. Evercore set a $144.00 price objective on Impinj in a report on Thursday, April 30th. UBS Group upped their price objective on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Barclays upped their price objective on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $175.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 85,882 shares during the period. Invesco Ltd. boosted its position in shares of Impinj by 6.5% during the fourth quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock worth $224,104,000 after buying an additional 78,587 shares during the period. State Street Corp boosted its position in shares of Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after buying an additional 124,792 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Impinj by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock worth $120,519,000 after buying an additional 18,263 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Impinj by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 667,647 shares of the company’s stock worth $116,195,000 after buying an additional 42,792 shares during the period.

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).