Sylebra Capital Llc Sells 45,528 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 45,528 shares of Impinj stock in a transaction on Monday, June 8th. The stock was sold at an average price of $128.94, for a total transaction of $5,870,380.32. Following the transaction, the director owned 795,048 shares in the company, valued at approximately $102,513,489.12. This trade represents a 5.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80.
• 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 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 $130.08 on Friday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of -141.39 and a beta of 1.91. 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 company’s fifty day simple moving average is $129.39 and its 200 day simple moving average is $138.60.

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

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several research firms have weighed in on PI. Evercore set a $144.00 price target on shares of Impinj in a research note on Thursday, April 30th. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 price target on shares of Impinj in a research note on Thursday, April 30th. 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 research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $175.00.

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).