Key Points
- Impinj director Sylebra Capital LLC sold 47,479 shares on June 5 at an average price of $124.06, for total proceeds of $5.89 million. After the sale, it still held 840,576 shares worth about $104.28 million.
- The director has been actively trimming its stake with several additional sales in the prior week, including transactions on June 4, June 3, June 2, June 1, May 29, and May 8.
- Impinj recently beat quarterly earnings estimates, reporting $0.14 EPS versus the expected $0.11 and revenue of $74.25 million. Analysts remain mixed overall, with an average rating of “Hold” and an average price target of $175.00.
Impinj, Inc. (NASDAQ:PI - Get Free Report) Director Sylebra Capital Llc sold 47,479 shares of Impinj stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $124.06, for a total transaction of $5,890,244.74. Following the sale, the director directly owned 840,576 shares of the company's stock, valued at $104,281,858.56. This represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Sylebra Capital Llc also recently made the following trade(s):
- On Thursday, June 4th, Sylebra Capital Llc sold 33,412 shares of Impinj stock. The shares were sold at an average price of $136.84, for a total transaction of $4,572,098.08.
- 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 transaction 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 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
Shares of NASDAQ:PI opened at $125.04 on Wednesday. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of -135.91 and a beta of 1.91. Impinj, Inc. has a 52 week low of $87.36 and a 52 week 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 50 day moving average of $128.31 and a 200 day moving average of $138.94.
Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $74.25 million during the quarter, compared to the consensus estimate of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. Impinj's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, sell-side analysts predict that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Zacks Research raised shares of Impinj from a "strong sell" rating to a "hold" rating in a research note on Friday, May 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $175.00 price target on shares of Impinj in a research report on Thursday, April 30th. Evercore set a $144.00 price target on Impinj in a research report on Thursday, April 30th. Barclays upped their price target on Impinj from $169.00 to $176.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Finally, Wall Street Zen raised Impinj from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Five 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 company's stock. Based on data from MarketBeat.com, Impinj currently has an average rating of "Hold" and an average target price of $175.00.
Check Out Our Latest Analysis on PI
Hedge Funds Weigh In On Impinj
A number of large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Impinj by 85.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company's stock valued at $5,775,000 after buying an additional 13,759 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Impinj during the third quarter valued at $2,784,000. Intech Investment Management LLC grew its holdings in shares of Impinj by 63.5% during the fourth quarter. Intech Investment Management LLC now owns 18,532 shares of the company's stock valued at $3,225,000 after buying an additional 7,194 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Impinj by 193.8% during the fourth quarter. Aberdeen Group plc now owns 68,387 shares of the company's stock valued at $11,900,000 after buying an additional 45,112 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Impinj during the third quarter valued at $36,259,000.
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).
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
