Key Points
- Impinj director Sylebra Capital LLC sold 33,412 shares on June 4 at an average price of $136.84, worth about $4.57 million. After the sale, it still held 888,055 shares, and the transaction represented a 3.63% reduction in its position.
- Sylebra has been actively trimming its Impinj stake, including multiple sales earlier in the same week and in May. The recent transactions suggest a steady reduction in exposure rather than a one-off trade.
- Impinj reported better-than-expected quarterly results, with EPS of $0.14 versus the $0.11 consensus and revenue of $74.25 million versus expectations of $72.53 million. Analysts currently have a consensus rating of “Hold” with an average price target of $175.00.
Impinj, Inc. (NASDAQ:PI - Get Free Report) Director Sylebra Capital Llc sold 33,412 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $136.84, for a total value of $4,572,098.08. Following the completion of the transaction, the director directly owned 888,055 shares of the company's stock, valued at approximately $121,521,446.20. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sylebra Capital Llc also recently made the following trade(s):
- On Wednesday, June 3rd, Sylebra Capital Llc sold 6,313 shares of Impinj stock. The stock was sold at an average price of $139.17, for a total value of $878,580.21.
- 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 value 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 value of $3,955,096.08.
Impinj Stock Up 6.9%
Shares of PI opened at $129.33 on Tuesday. The company has a market capitalization of $3.94 billion, a PE ratio of -140.58 and a beta of 1.91. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06. The stock's 50-day moving average price is $127.79 and its two-hundred day moving average price is $139.11. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18.
Impinj (NASDAQ:PI - Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $74.25 million for the quarter, compared to the consensus estimate of $72.53 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, analysts anticipate that Impinj, Inc. will post 0.28 EPS for the current year.
Hedge Funds Weigh In On Impinj
Several institutional investors have recently modified their holdings of PI. Western Wealth Management LLC bought a new position in shares of Impinj in the first quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its stake in Impinj by 90.4% in 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 last quarter. Bessemer Group Inc. lifted its stake in Impinj by 101.2% in 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 last quarter. Danske Bank A S purchased a new position in Impinj in the fourth quarter valued at approximately $35,000. Finally, Advisors Asset Management Inc. lifted its stake in 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 last quarter.
Analysts Set New Price Targets
Several brokerages have commented on PI. Needham & Company LLC reaffirmed a "buy" rating and set a $175.00 target price on shares of Impinj in a report on Thursday, April 30th. Wall Street Zen raised Impinj from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Weiss Ratings lowered Impinj from a "sell (d)" rating to a "sell (e+)" rating in a research report on Monday, May 4th. UBS Group lifted their price objective on Impinj from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Finally, Zacks Research raised Impinj from a "strong sell" rating to a "hold" rating in a research report on Friday, May 1st. 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 an average price target of $175.00.
Check Out Our Latest Stock Report on PI
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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