Impinj (NASDAQ:PI) Insider Sylebra Capital Llc Sells 31,952 Shares

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 31,952 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $159.42, for a total value of $5,093,787.84. Following the sale, the insider owned 1,721,493 shares of the company’s stock, valued at approximately $274,440,414.06. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, November 25th, Sylebra Capital Llc sold 46,110 shares of Impinj stock. The shares were sold at an average price of $167.73, for a total value of $7,734,030.30.
• On Friday, November 21st, Sylebra Capital Llc sold 3,046 shares of Impinj stock. The stock was sold at an average price of $155.10, for a total value of $472,434.60.
• On Thursday, November 20th, Sylebra Capital Llc sold 8,081 shares of Impinj stock. The stock was sold at an average price of $156.32, for a total transaction of $1,263,221.92.
• On Wednesday, November 12th, Sylebra Capital Llc sold 3,772 shares of Impinj stock. The shares were sold at an average price of $156.30, for a total transaction of $589,563.60.
• On Tuesday, November 11th, Sylebra Capital Llc sold 30,000 shares of Impinj stock. The stock was sold at an average price of $155.63, for a total transaction of $4,668,900.00.
• On Friday, November 7th, Sylebra Capital Llc sold 6,246 shares of Impinj stock. The shares were sold at an average price of $162.16, for a total transaction of $1,012,851.36.
• On Thursday, November 6th, Sylebra Capital Llc sold 23,157 shares of Impinj stock. The shares were sold at an average price of $171.95, for a total transaction of $3,981,846.15.
• On Monday, November 3rd, Sylebra Capital Llc sold 1,513 shares of Impinj stock. The stock was sold at an average price of $202.01, for a total transaction of $305,641.13.
• On Wednesday, September 10th, Sylebra Capital Llc sold 300,000 shares of Impinj stock. The shares were sold at an average price of $196.24, for a total value of $58,872,000.00.

Impinj Price Performance

Shares of NASDAQ PI traded up $7.42 during mid-day trading on Wednesday, hitting $172.81. 520,735 shares of the stock traded hands, compared to its average volume of 607,716. The company has a market cap of $5.20 billion, a PE ratio of -392.74 and a beta of 1.83. Impinj, Inc. has a twelve month low of $60.85 and a twelve month high of $247.06. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. The firm has a 50 day simple moving average of $185.47 and a two-hundred day simple moving average of $154.47.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.The business had revenue of $96.06 million during the quarter, compared to analysts’ expectations of $92.71 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, equities research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Impinj

Institutional investors have recently added to or reduced their stakes in the business. DLD Asset Management LP acquired a new position in shares of Impinj during the second quarter valued at about $1,332,840,000. State Street Corp boosted its stake in Impinj by 1.4% during the 2nd quarter. State Street Corp now owns 1,215,065 shares of the company’s stock valued at $134,957,000 after purchasing an additional 16,337 shares during the last quarter. Invesco Ltd. increased its holdings in Impinj by 48.3% during the 3rd 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Impinj by 304.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company’s stock worth $88,184,000 after purchasing an additional 731,817 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its stake in shares of Impinj by 1.1% in the second quarter. Chevy Chase Trust Holdings LLC now owns 740,081 shares of the company’s stock worth $82,201,000 after purchasing an additional 8,126 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on PI. Barclays boosted their target price on shares of Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Needham & Company LLC lifted their price target on shares of Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. UBS Group started coverage on Impinj in a research report on Friday, November 7th. They set a “neutral” rating and a $200.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $226.33.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.