Sylebra Capital Llc Sells 2,550 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 2,550 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $195.41, for a total transaction of $498,295.50. Following the transaction, the insider now owns 2,129,260 shares in the company, valued at approximately $416,078,696.60. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, November 11th, Sylebra Capital Llc sold 78,616 shares of Impinj stock. The shares were sold at an average price of $201.79, for a total transaction of $15,863,922.64.
• On Friday, November 8th, Sylebra Capital Llc sold 250,000 shares of Impinj stock. The shares were sold at an average price of $203.00, for a total transaction of $50,750,000.00.
• On Wednesday, November 6th, Sylebra Capital Llc sold 89,809 shares of Impinj stock. The shares were sold at an average price of $201.78, for a total transaction of $18,121,660.02.
• On Monday, November 4th, Sylebra Capital Llc sold 95,670 shares of Impinj stock. The stock was sold at an average price of $195.21, for a total transaction of $18,675,740.70.
• On Friday, November 1st, Sylebra Capital Llc sold 22,373 shares of Impinj stock. The stock was sold at an average price of $195.00, for a total transaction of $4,362,735.00.
• On Wednesday, October 30th, Sylebra Capital Llc sold 32,031 shares of Impinj stock. The stock was sold at an average price of $195.35, for a total transaction of $6,257,255.85.
• On Friday, September 13th, Sylebra Capital Llc bought 4,264,393 shares of Impinj stock. The shares were bought at an average price of $4.69 per share, with a total value of $20,000,003.17.

Impinj Price Performance

NASDAQ PI traded down $3.03 during trading on Thursday, reaching $182.73. 451,911 shares of the company’s stock traded hands, compared to its average volume of 473,672. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 202.19 and a beta of 1.81. The company’s 50 day simple moving average is $204.99 and its two-hundred day simple moving average is $175.70. Impinj, Inc. has a 12-month low of $78.17 and a 12-month high of $239.88.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The firm had revenue of $95.20 million for the quarter, compared to the consensus estimate of $92.86 million. During the same quarter in the previous year, the firm earned ($0.36) EPS. The company’s quarterly revenue was up 46.5% compared to the same quarter last year. Research analysts expect that Impinj, Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on PI. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Needham & Company LLC increased their price objective on shares of Impinj from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Piper Sandler reiterated an “overweight” rating and set a $235.00 price objective (up previously from $225.00) on shares of Impinj in a research report on Thursday, October 24th. Evercore ISI reiterated an “outperform” rating and set a $270.00 price objective (up previously from $205.00) on shares of Impinj in a research report on Thursday, October 24th. Finally, Lake Street Capital increased their price objective on shares of Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.60.

Institutional Trading of Impinj

A number of institutional investors have recently bought and sold shares of PI. Farther Finance Advisors LLC lifted its stake in Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after acquiring an additional 141 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Impinj during the 3rd quarter valued at approximately $54,000. SouthState Corp acquired a new stake in Impinj during the 2nd quarter valued at approximately $94,000. nVerses Capital LLC increased its holdings in shares of Impinj by 75.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $110,000 after purchasing an additional 300 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. increased its holdings in shares of Impinj by 211.2% during the 2nd quarter. Jamison Private Wealth Management Inc. now owns 809 shares of the company’s stock valued at $127,000 after purchasing an additional 549 shares in the last quarter.

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.