Sylebra Capital Llc Sells 47,479 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 47,479 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $124.06, for a total transaction of $5,890,244.74. Following the completion of the transaction, the director directly owned 840,576 shares in the company, valued at approximately $104,281,858.56. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, June 9th, Sylebra Capital Llc sold 12,105 shares of Impinj stock. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80.
• 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 Thursday, June 4th, Sylebra Capital Llc sold 33,412 shares of Impinj stock. The shares were 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 transaction of $5,510,812.44.
• On Monday, June 1st, Sylebra Capital Llc sold 7,163 shares of Impinj stock. The shares were 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 shares were 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 shares were sold at an average price of $152.73, for a total transaction of $3,955,096.08.

Impinj Price Performance

PI stock opened at $122.69 on Thursday. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The firm has a market cap of $3.74 billion, a P/E ratio of -133.36 and a beta of 1.91. The company’s 50-day moving average price is $128.85 and its two-hundred day moving average price is $138.76.

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

Wall Street Analyst Weigh In

PI has been the topic of several research reports. 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 raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group lifted their price target on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price target on shares of Impinj in a report on Thursday, April 30th. Finally, Roth Mkm decreased their price target on shares of Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $175.00.

Institutional Investors Weigh In On Impinj

Several hedge funds have recently added to or reduced their stakes in PI. Western Wealth Management LLC bought a new stake in shares of Impinj in the 1st quarter valued at $28,000. Hantz Financial Services Inc. increased its stake in shares of 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 stake in Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 84 shares in the last quarter. Danske Bank A S bought a new stake in Impinj during the 4th quarter valued at $35,000. Finally, Advisors Asset Management Inc. increased its stake in Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 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).