Insider Selling: Impinj (NASDAQ:PI) Director Sells $3,955,096.08 in Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 25,896 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $152.73, for a total value of $3,955,096.08. Following the transaction, the director directly owned 1,070,085 shares in the company, valued at $163,434,082.05. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Impinj Trading Down 2.1%

Shares of NASDAQ:PI opened at $144.63 on Friday. The business’s 50-day moving average is $113.01 and its 200 day moving average is $143.49. Impinj, Inc. has a 1 year low of $87.36 and a 1 year high of $247.06. The firm has a market capitalization of $4.41 billion, a P/E ratio of -157.21 and a beta of 1.93. 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 (NASDAQ:PI) last announced 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. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The company had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same period in the prior year, the company posted $0.21 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, research analysts predict 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 recent analyst reports. Piper Sandler reaffirmed a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a research report on Friday, February 6th. Roth Mkm reduced their target price on Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Susquehanna reissued a “positive” rating and issued a $200.00 price objective on shares of Impinj in a report on Friday, February 6th. UBS Group increased 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. Finally, Cantor Fitzgerald cut their price objective on Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $175.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PI. Advisors Asset Management Inc. increased its holdings in shares of Impinj by 39.9% in 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. Goldman Sachs Group Inc. increased its holdings in shares of Impinj by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares during the period. Focus Partners Wealth acquired a new stake in Impinj during the first quarter worth about $223,000. Intech Investment Management LLC grew its holdings in Impinj by 29.6% during the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after acquiring an additional 3,812 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Impinj during the second quarter worth about $3,833,000.

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).