Impinj (NASDAQ:PI) Insider Sylebra Capital Llc Sells 50,573 Shares of Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 50,573 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $146.62, for a total value of $7,415,013.26. Following the transaction, the insider owned 1,266,781 shares of the company’s stock, valued at approximately $185,735,430.22. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, December 11th, Sylebra Capital Llc sold 95,345 shares of Impinj stock. The stock was sold at an average price of $152.87, for a total transaction of $14,575,390.15.
• On Monday, December 15th, Sylebra Capital Llc sold 134,629 shares of Impinj stock. The shares were sold at an average price of $150.36, for a total value of $20,242,816.44.
• On Wednesday, December 10th, Sylebra Capital Llc sold 84,604 shares of Impinj stock. The shares were sold at an average price of $155.49, for a total value of $13,155,075.96.
• On Tuesday, December 9th, Sylebra Capital Llc sold 40 shares of Impinj stock. The stock was sold at an average price of $160.01, for a total value of $6,400.40.
• On Monday, December 8th, Sylebra Capital Llc sold 2,494 shares of Impinj stock. The shares were sold at an average price of $160.72, for a total value of $400,835.68.
• On Friday, December 5th, Sylebra Capital Llc sold 1,373 shares of Impinj stock. The shares were sold at an average price of $161.04, for a total transaction 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 transaction of $508,588.53.
• On Wednesday, December 3rd, Sylebra Capital Llc sold 41,221 shares of Impinj stock. The stock was sold at an average price of $167.97, for a total transaction of $6,923,891.37.
• 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 transaction of $7,044,463.02.
• On Monday, December 1st, Sylebra Capital Llc sold 31,058 shares of Impinj stock. The shares were sold at an average price of $167.02, for a total transaction of $5,187,307.16.

Impinj Stock Up 5.5%

PI stock opened at $153.29 on Tuesday. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $247.06. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -348.38 and a beta of 1.50. The business’s 50 day moving average price is $178.89 and its two-hundred day moving average price is $158.54. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.97 and a current ratio of 2.67.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on PI shares. Cantor Fitzgerald increased their price target on shares of Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Evercore ISI raised 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. Finally, Roth Capital reiterated a “buy” rating and issued a $235.00 price target on shares of Impinj in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC bought a new position in Impinj during the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. raised its holdings in shares of Impinj by 90.4% during 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 position in Impinj by 101.2% during 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 period. Salomon & Ludwin LLC purchased a new stake in Impinj in the third quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Impinj in the second quarter worth approximately $28,000.

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.