Impinj (NASDAQ:PI) Insider Sylebra Capital Llc Sells 34,556 Shares of Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 34,556 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $171.80, for a total transaction of $5,936,720.80. Following the sale, the insider owned 1,640,827 shares of the company’s stock, valued at approximately $281,894,078.60. The trade was a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 transaction of $3,848,908.14.
• 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 transaction of $7,734,030.30.
• On Monday, November 24th, Sylebra Capital Llc sold 31,952 shares of Impinj stock. The shares were sold at an average price of $159.42, for a total transaction of $5,093,787.84.
• On Friday, November 21st, Sylebra Capital Llc sold 3,046 shares of Impinj stock. The shares were sold at an average price of $155.10, for a total value of $472,434.60.
• 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 stock was sold at an average price of $156.30, for a total value of $589,563.60.
• On Tuesday, November 11th, Sylebra Capital Llc sold 30,000 shares of Impinj stock. The shares were sold at an average price of $155.63, for a total value of $4,668,900.00.
• 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 value 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 value of $305,641.13.

Impinj Trading Down 5.4%

NASDAQ PI opened at $162.52 on Tuesday. 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 stock has a market capitalization of $4.89 billion, a P/E ratio of -369.36 and a beta of 1.83. The firm’s 50-day moving average is $184.05 and its two-hundred day moving average is $155.77. 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 results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. On average, sell-side analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PI shares. Needham & Company LLC raised their price target on Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Evercore ISI raised their target price on Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. UBS Group began coverage on Impinj in a research report on Friday, November 7th. They issued a “neutral” rating and a $200.00 target price for the company. Piper Sandler increased their price target on shares of Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Barclays raised their price objective on shares of Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Hedge Funds Weigh In On Impinj

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in Impinj by 3.5% in the third quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock valued at $303,000 after acquiring an additional 57 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings 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 valued at $3,113,000 after purchasing an additional 66 shares in the last quarter. Amalgamated Bank lifted its position in shares of Impinj by 1.1% during the 2nd quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock worth $741,000 after purchasing an additional 74 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of 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 purchasing an additional 75 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 84 shares during 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.