Key Points
- Impinj director Sylebra Capital LLC sold 38,724 shares on June 2 at an average price of $142.31, generating about $5.51 million. The sale reduced the director’s ownership by 4.01%.
- Sylebra Capital has been actively trimming its stake, with multiple additional sales in late May and early June, including a 48,504-share sale on May 29 and a 25,896-share sale on May 8.
- Impinj recently beat quarterly earnings expectations, reporting EPS of $0.14 versus $0.11 expected and revenue of $74.25 million. Analysts currently have a consensus “Hold” rating with an average price target of $175.00.
Impinj, Inc. (NASDAQ:PI - Get Free Report) Director Sylebra Capital Llc sold 6,313 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $139.17, for a total transaction of $878,580.21. Following the completion of the transaction, the director directly owned 921,467 shares of the company's stock, valued at $128,240,562.39. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sylebra Capital Llc also recently made the following trade(s):
- On Tuesday, June 2nd, Sylebra Capital Llc sold 38,724 shares of Impinj stock. The stock was sold at an average price of $142.31, for a total transaction of $5,510,812.44.
- On Monday, June 1st, Sylebra Capital Llc sold 7,163 shares of Impinj stock. The stock was sold at an average price of $144.29, for a total transaction of $1,033,549.27.
- 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 Performance
NASDAQ:PI opened at $136.18 on Friday. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.15 billion, a PE ratio of -148.02 and a beta of 1.91. The firm has a 50-day moving average price of $126.90 and a 200 day moving average price of $139.39.
Impinj (NASDAQ:PI - Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) 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 business had revenue of $74.25 million during the quarter, compared to analysts' expectations of $72.53 million. During the same quarter last year, the company posted $0.21 EPS. The firm'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. Research analysts anticipate that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Impinj
A number of large investors have recently modified their holdings of PI. The Manufacturers Life Insurance Company lifted its position in shares of Impinj by 2,441.0% during 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 in the last quarter. Invesco Ltd. lifted its position in shares of Impinj by 48.3% during the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company's stock worth $218,580,000 after purchasing an additional 393,685 shares in the last quarter. Norges Bank acquired a new position in shares of Impinj during the fourth quarter worth approximately $55,216,000. William Blair Investment Management LLC acquired a new position in shares of Impinj during the third quarter worth approximately $36,259,000. Finally, State Street Corp lifted its position in shares of Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company's stock worth $222,192,000 after purchasing an additional 124,792 shares in the last quarter.
Analyst Upgrades and Downgrades
PI has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Impinj from a "sell (d)" rating to a "sell (e+)" rating in a research note on Monday, May 4th. Barclays lifted their target price 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. Wall Street Zen upgraded shares of Impinj from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Roth Mkm cut their target price on shares of Impinj from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Monday, March 16th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $175.00 target price on shares of Impinj in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $175.00.
Check Out Our Latest Analysis on PI
About Impinj
(
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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