Sylebra Capital Llc Sells 25,896 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI – Get Free Report) Director Sylebra Capital Llc sold 25,896 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $152.73, for a total transaction of $3,955,096.08. Following the sale, the director directly owned 1,070,085 shares in the company, valued at $163,434,082.05. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Impinj Trading Down 0.3%

PI opened at $147.74 on Thursday. Impinj, Inc. has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of -160.59 and a beta of 1.93. The company’s 50 day moving average price is $112.45 and its two-hundred day moving average price is $144.13.

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Impinj (NASDAQ:PI – Get Free Report) last posted 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. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The firm had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same period in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter 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 predict that Impinj, Inc. will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Impinj by 0.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock worth $3,113,000 after acquiring an additional 66 shares in the last quarter. Hantz Financial Services Inc. grew 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 worth $29,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 84 shares in the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of Impinj by 7.6% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock worth $226,000 after acquiring an additional 92 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew 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 worth $429,000 after acquiring an additional 97 shares in the last quarter.

Analysts Set New Price Targets

PI has been the topic of a number of recent analyst reports. Susquehanna restated a “positive” rating and issued a $200.00 price target on shares of Impinj in a research report on Friday, February 6th. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Cantor Fitzgerald dropped their price target on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Finally, Evercore set a $144.00 price target on shares of Impinj in a research report on Thursday, April 30th. Five investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $175.00.

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About Impinj

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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).

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