Key Points
- Sylebra Capital, a director of Impinj, sold 48,504 shares on May 29 at an average price of $150.78, trimming its stake by 4.75% while still holding 973,667 shares worth about $146.8 million.
- The insider also sold additional shares earlier in June and May, while Impinj stock traded up 0.4% and opened at $143.26, below its 52-week high of $247.06.
- Impinj beat quarterly earnings and revenue estimates in its latest report, but analysts remain cautious overall with a consensus Hold rating and a $175.00 average price target.
Impinj, Inc. (NASDAQ:PI - Get Free Report) Director Sylebra Capital Llc sold 7,163 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $144.29, for a total transaction of $1,033,549.27. Following the sale, the director directly owned 966,504 shares in the company, valued at approximately $139,456,862.16. The trade was a 0.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 Trading Up 0.4%
Shares of PI opened at $143.26 on Wednesday. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The company has a market cap of $4.36 billion, a P/E ratio of -155.72 and a beta of 1.91. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. The company's fifty day simple moving average is $124.58 and its 200-day simple moving average is $139.54.
Impinj (NASDAQ:PI - Get Free Report) last announced its 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 business had revenue of $74.25 million for the quarter, compared to the consensus estimate of $72.53 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, analysts expect that Impinj, Inc. will post 0.28 EPS for the current year.
Analyst Ratings Changes
PI has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Impinj from a "sell (d)" rating to a "sell (e+)" rating in a research note on Monday, May 4th. Cantor Fitzgerald reduced their target price on shares of Impinj from $246.00 to $170.00 and set an "overweight" rating on the stock in a research note on Friday, February 6th. Piper Sandler reissued a "mixed" rating and issued a $180.00 target price (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Evercore set a $144.00 target price on shares of Impinj in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Impinj from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $175.00.
Get Our Latest Stock Analysis on PI
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Impinj by 85.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company's stock worth $5,775,000 after purchasing an additional 13,759 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Impinj in the third quarter worth about $2,784,000. William Blair Investment Management LLC bought a new position in shares of Impinj in the third quarter worth about $36,259,000. Aberdeen Group plc grew its holdings in shares of Impinj by 193.8% in the fourth quarter. Aberdeen Group plc now owns 68,387 shares of the company's stock worth $11,900,000 after purchasing an additional 45,112 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Impinj by 63.5% in the fourth quarter. Intech Investment Management LLC now owns 18,532 shares of the company's stock worth $3,225,000 after purchasing an additional 7,194 shares during the last quarter.
Impinj Company Profile
(
Get Free Report)
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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