Insider Selling: Impinj (NASDAQ:PI) Insider Sells 23,157 Shares of Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 23,157 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $171.95, for a total transaction of $3,981,846.15. Following the completion of the transaction, the insider directly owned 1,804,590 shares of the company’s stock, valued at $310,299,250.50. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value 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 Stock Down 1.9%

PI traded down $3.12 during trading hours on Monday, hitting $160.51. 405,459 shares of the company’s stock were exchanged, compared to its average volume of 612,946. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of -364.79 and a beta of 1.83. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $247.06. The stock’s 50-day moving average is $194.55 and its two-hundred day moving average is $150.05. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, beating the consensus estimate 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 company had revenue of $96.06 million during the quarter, compared to the consensus estimate of $92.71 million. During the same quarter in the prior year, the firm posted $0.56 EPS. The firm’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. Sell-side analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Impinj

Large investors have recently modified their holdings of the company. DLD Asset Management LP acquired a new position in Impinj during the 2nd quarter valued at about $1,332,840,000. State Street Corp raised its position in Impinj by 1.4% in the 2nd quarter. State Street Corp now owns 1,215,065 shares of the company’s stock valued at $134,957,000 after buying an additional 16,337 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 valued at $88,184,000 after acquiring an additional 731,817 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted 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 worth $82,201,000 after acquiring an additional 8,126 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Impinj by 3.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 641,684 shares of the company’s stock worth $71,272,000 after acquiring an additional 19,501 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PI shares. UBS Group began coverage on Impinj in a research note on Friday. They set a “neutral” rating and a $200.00 price objective on the stock. Needham & Company LLC boosted their price target on Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Cantor Fitzgerald increased their price objective 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. Susquehanna set a $255.00 target price on shares of Impinj in a research report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.33.

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.