Impinj (NASDAQ:PI) Insider Sells $472,434.60 in Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 3,046 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $155.10, for a total transaction of $472,434.60. Following the transaction, the insider directly owned 1,753,445 shares of the company’s stock, valued at $271,959,319.50. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value 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 stock was 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 stock was sold at an average price of $171.95, for a total value 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 transaction of $58,872,000.00.

Impinj Stock Performance

Shares of NASDAQ PI traded up $3.87 during trading hours on Monday, hitting $157.44. 463,166 shares of the stock were exchanged, compared to its average volume of 607,749. 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 company’s 50 day moving average is $186.41 and its 200 day moving average is $153.88. The firm has a market capitalization of $4.74 billion, a P/E ratio of -357.81 and a beta of 1.83. Impinj, Inc. has a one year low of $60.85 and a one year high of $247.06.

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

Analyst Ratings Changes

PI has been the subject of a number of recent analyst reports. Roth Capital reiterated a “buy” rating and issued a $235.00 price objective on shares of Impinj in a report on Thursday, October 30th. Needham & Company LLC raised their target price on shares of Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Cantor Fitzgerald boosted their target price on Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Piper Sandler upped their target price on Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Susquehanna set a $255.00 price objective on Impinj in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PI. DLD Asset Management LP purchased a new position in Impinj during the 2nd quarter valued at about $1,332,840,000. State Street Corp boosted its holdings in shares of Impinj by 1.4% in the 2nd quarter. State Street Corp now owns 1,215,065 shares of the company’s stock worth $134,957,000 after purchasing an additional 16,337 shares in the last quarter. Invesco Ltd. lifted its stake in Impinj by 48.3% in the third 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 acquiring an additional 731,817 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its holdings in Impinj by 1.1% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 740,081 shares of the company’s stock valued at $82,201,000 after buying an additional 8,126 shares during the last quarter.

Impinj Company Profile

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.