Insider Selling: Impinj (NASDAQ:PI) Insider Sells $6,923,891.37 in Stock

Impinj, Inc. (NASDAQ:PIGet Free Report) insider Sylebra Capital Llc sold 41,221 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $167.97, for a total transaction of $6,923,891.37. Following the sale, the insider directly owned 1,504,377 shares in the company, valued at approximately $252,690,204.69. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, December 5th, Sylebra Capital Llc sold 1,373 shares of Impinj stock. The stock was sold at an average price of $161.04, for a total value of $221,107.92.
  • On Thursday, December 4th, Sylebra Capital Llc sold 3,167 shares of Impinj stock. The shares were sold at an average price of $160.59, for a total value of $508,588.53.
  • On Tuesday, December 2nd, Sylebra Capital Llc sold 41,874 shares of Impinj stock. The shares were sold at an average price of $168.23, for a total value of $7,044,463.02.
  • On Monday, December 1st, Sylebra Capital Llc sold 31,058 shares of Impinj stock. The stock was sold at an average price of $167.02, for a total value of $5,187,307.16.
  • On Friday, November 28th, Sylebra Capital Llc sold 22,297 shares of Impinj stock. The shares were sold at an average price of $172.62, for a total value of $3,848,908.14.
  • On Wednesday, November 26th, Sylebra Capital Llc sold 34,556 shares of Impinj stock. The stock was sold at an average price of $171.80, for a total transaction of $5,936,720.80.
  • On Tuesday, November 25th, Sylebra Capital Llc sold 46,110 shares of Impinj stock. The stock was sold at an average price of $167.73, for a total transaction of $7,734,030.30.
  • On Monday, November 24th, Sylebra Capital Llc sold 31,952 shares of Impinj stock. The shares were sold at an average price of $159.42, for a total transaction of $5,093,787.84.
  • 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 transaction of $472,434.60.
  • On Thursday, November 20th, Sylebra Capital Llc sold 8,081 shares of Impinj stock. The shares were sold at an average price of $156.32, for a total transaction of $1,263,221.92.

Impinj Trading Up 0.9%

Impinj stock opened at $158.26 on Monday. Impinj, Inc. has a 12 month low of $60.85 and a 12 month high of $247.06. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94. The stock has a market cap of $4.77 billion, a P/E ratio of -359.67 and a beta of 1.50. The company’s fifty day simple moving average is $182.52 and its 200-day simple moving average is $156.88.

Impinj (NASDAQ:PIGet Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. Impinj had a positive return on equity of 8.15% and a negative net margin of 3.45%.Impinj’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, sell-side analysts forecast that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. DLD Asset Management LP bought a new position in shares of Impinj in the second quarter worth about $1,332,840,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Impinj by 304.4% in 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 valued at $88,184,000 after buying an additional 731,817 shares during the last quarter. Invesco Ltd. increased its position in Impinj by 48.3% in the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after buying an additional 393,685 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Impinj by 52.7% during the first quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company’s stock worth $56,431,000 after buying an additional 214,792 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Impinj during the third quarter worth approximately $36,259,000.

Analyst Ratings Changes

PI has been the subject of several research reports. Evercore ISI lifted their price target on Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Zacks Research upgraded shares of Impinj from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. Cantor Fitzgerald raised their price target on shares of Impinj from $217.00 to $246.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $226.33.

Read Our Latest Analysis on PI

About Impinj

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Impinj (NASDAQ:PI)

Receive News & Ratings for Impinj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impinj and related companies with MarketBeat.com's FREE daily email newsletter.