Insider Selling: Impinj (NASDAQ:PI) Director Sells 7,163 Shares of Stock

Impinj, Inc. (NASDAQ:PI – Get Free Report) Director Sylebra Capital Llc sold 7,163 shares of Impinj stock in a transaction on Monday, June 1st. The stock was sold at an average price of $144.29, for a total transaction of $1,033,549.27. Following the completion of the transaction, the director directly owned 966,504 shares in the company, valued at $139,456,862.16. This represents a 0.74% decrease in their ownership of the stock. The transaction 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):

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• 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 transaction 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 transaction of $3,955,096.08.

Impinj Stock Up 0.4%

NASDAQ PI traded up $0.59 on Tuesday, hitting $143.26. The stock had a trading volume of 563,262 shares, compared to its average volume of 636,518. The business’s fifty day moving average price is $124.58 and its 200 day moving average price is $139.54. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. Impinj, Inc. has a 52-week low of $87.36 and a 52-week high of $247.06. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of -155.72 and a beta of 1.93.

Impinj (NASDAQ:PI – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company earned $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities research analysts anticipate that Impinj, Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PI. Susquehanna reissued a “positive” rating and set a $200.00 price objective on shares of Impinj in a report on Friday, February 6th. Roth Mkm dropped their price objective 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. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Cantor Fitzgerald dropped their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Finally, Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Impinj presently has a consensus rating of “Hold” and a consensus price target of $175.00.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PI. Western Wealth Management LLC acquired a new position in Impinj during the first quarter valued at $28,000. Hantz Financial Services Inc. lifted its position in 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 purchasing an additional 75 shares during the period. Bessemer Group Inc. lifted its position in 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 purchasing an additional 84 shares during the period. Danske Bank A S acquired a new position in Impinj during the fourth quarter valued at $35,000. Finally, Advisors Asset Management Inc. lifted its position in Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 shares during the period.

Impinj Company Profile

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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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