Sylebra Capital Llc Sells 30,000 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 30,000 shares of Impinj stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $155.63, for a total transaction of $4,668,900.00. Following the completion of the transaction, the insider owned 1,768,344 shares in the company, valued at approximately $275,207,376.72. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, November 12th, Sylebra Capital Llc sold 3,772 shares of Impinj stock. The stock was sold at an average price of $156.30, for a total transaction of $589,563.60.
• On Friday, November 7th, Sylebra Capital Llc sold 6,246 shares of Impinj stock. The shares were 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 transaction of $3,981,846.15.
• On Monday, November 3rd, Sylebra Capital Llc sold 1,513 shares of Impinj stock. The shares were 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 stock was sold at an average price of $196.24, for a total value of $58,872,000.00.

Impinj Stock Performance

Shares of PI stock opened at $142.50 on Friday. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51. The stock has a 50 day simple moving average of $191.25 and a 200-day simple moving average of $150.83. The company has a market cap of $4.29 billion, a price-to-earnings ratio of -323.86 and a beta of 1.83. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $247.06.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $96.06 million for the quarter, compared to analyst estimates of $92.71 million. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.Impinj’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. On average, equities analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PI. Piper Sandler increased their price target on shares of Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Barclays upped their target price on shares of Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Wall Street Zen downgraded shares of Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Cantor Fitzgerald boosted their price target on Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Needham & Company LLC raised their price objective on Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. One 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $226.33.

Institutional Trading of Impinj

Several large investors have recently modified their holdings of PI. Schonfeld Strategic Advisors LLC acquired a new position in shares of Impinj during the 3rd quarter worth approximately $945,000. Credit Agricole S A purchased a new position in Impinj during the third quarter worth $8,899,000. Kelleher Financial Advisors acquired a new position in shares of Impinj in the third quarter worth $66,000. Davidson Kempner Capital Management LP acquired a new position in shares of Impinj in the third quarter worth $1,033,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Impinj by 8.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,628 shares of the company’s stock valued at $1,379,000 after acquiring an additional 589 shares in 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.