Sylebra Capital Llc Sells 7,163 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 7,163 shares of Impinj stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $144.29, for a total value of $1,033,549.27. Following the completion of the transaction, the director owned 966,504 shares of the company’s stock, valued at approximately $139,456,862.16. This represents a 0.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 Trading Up 0.4%

NASDAQ PI traded up $0.59 during trading on Tuesday, hitting $143.26. The stock had a trading volume of 563,262 shares, compared to its average volume of 636,518. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of -155.72 and a beta of 1.93. Impinj, Inc. has a one year low of $87.36 and a one year high of $247.06. The stock has a 50 day simple moving average of $124.58 and a 200 day simple moving average of $139.54.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $72.53 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Sell-side analysts predict that Impinj, Inc. will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On Impinj

Several institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new position in Impinj in the first quarter worth $28,000. Janus Henderson Group PLC grew its holdings in Impinj by 40.1% in the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock worth $2,877,000 after purchasing an additional 8,023 shares during the last quarter. California State Teachers Retirement System grew its holdings in Impinj by 29.3% in the first quarter. California State Teachers Retirement System now owns 33,902 shares of the company’s stock worth $3,482,000 after purchasing an additional 7,678 shares during the last quarter. Royal Bank of Canada grew its holdings in Impinj by 307.8% in the first quarter. Royal Bank of Canada now owns 13,812 shares of the company’s stock worth $1,420,000 after purchasing an additional 10,425 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Impinj by 2,441.0% in the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after purchasing an additional 409,182 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PI shares. Piper Sandler reaffirmed a “mixed” rating and set a $180.00 price target (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Evercore set a $144.00 price target on shares of Impinj in a research note on Thursday, April 30th. Susquehanna reaffirmed a “positive” rating and set a $200.00 price target on shares of Impinj in a research note on Friday, February 6th. Finally, Barclays lifted their price target on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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).