Sylebra Capital Llc Sells 2,494 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 2,494 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $160.72, for a total value of $400,835.68. Following the transaction, the insider directly owned 1,497,343 shares in the company, valued at approximately $240,652,966.96. This represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 transaction 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 transaction of $6,400.40.
• 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 stock was sold at an average price of $167.02, for a total value of $5,187,307.16.
• On Friday, November 28th, Sylebra Capital Llc sold 22,297 shares of Impinj stock. The shares were sold at an average price of $172.62, for a total value of $3,848,908.14.
• On Wednesday, November 26th, Sylebra Capital Llc sold 34,556 shares of Impinj stock. The stock was sold at an average price of $171.80, for a total value of $5,936,720.80.
• On Tuesday, November 25th, Sylebra Capital Llc sold 46,110 shares of Impinj stock. The stock was sold at an average price of $167.73, for a total value of $7,734,030.30.

Impinj Trading Down 0.9%

Shares of NASDAQ:PI traded down $1.41 during trading on Wednesday, reaching $155.06. 491,340 shares of the company traded hands, compared to its average volume of 528,889. The company has a current ratio of 2.67, a quick ratio of 1.97 and a debt-to-equity ratio of 0.94. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $247.06. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of -352.40 and a beta of 1.50. The business’s fifty day moving average is $181.15 and its 200-day moving average is $157.48.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. The company had revenue of $96.06 million for the quarter, compared to the consensus estimate of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. 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 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI raised their target price on Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Susquehanna set a $255.00 price objective on Impinj in a research report on Thursday, October 30th. Zacks Research raised Impinj from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Cantor Fitzgerald raised 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, Wall Street Zen downgraded shares of Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $226.33.

Institutional Investors Weigh In On Impinj

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Impinj by 3.5% during the third quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock valued at $303,000 after buying an additional 57 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Impinj by 0.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock worth $3,113,000 after acquiring an additional 66 shares in the last quarter. Amalgamated Bank lifted its position in Impinj by 1.1% during the 2nd quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock valued at $741,000 after acquiring an additional 74 shares during the period. Hantz Financial Services Inc. boosted its stake in Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after acquiring an additional 75 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 84 shares during the period.

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.