Key Points
- Sylebra Capital sold 41,221 shares of Impinj on Dec. 3 at an average price of $167.97 for about $6.92M, reducing its stake by 2.67% to 1,504,377 shares valued at roughly $252.7M.
- Across multiple trades from Nov. 20 to Dec. 5, Sylebra disposed of additional blocks of PI stock, totaling approximately $44.2 million in sales over that period.
- Impinj recently beat quarterly EPS and revenue estimates and carries a MarketBeat consensus rating of “Moderate Buy” with an average price target of $226.33 versus the recent share price near $158.26.
Impinj, Inc. (NASDAQ:PI - Get Free Report) insider Sylebra Capital Llc sold 1,373 shares of the company's stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $161.04, for a total value of $221,107.92. Following the transaction, the insider directly owned 1,499,837 shares in the company, valued at approximately $241,533,750.48. This trade represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Sylebra Capital Llc also recently made the following trade(s):
- 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 value of $508,588.53.
- On Wednesday, December 3rd, Sylebra Capital Llc sold 41,221 shares of Impinj stock. The shares were sold at an average price of $167.97, for a total value of $6,923,891.37.
- On Tuesday, December 2nd, Sylebra Capital Llc sold 41,874 shares of Impinj stock. The stock was sold at an average price of $168.23, for a total value of $7,044,463.02.
- On Monday, December 1st, Sylebra Capital Llc sold 31,058 shares of Impinj stock. The shares were sold at an average price of $167.02, for a total transaction 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 transaction 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 transaction of $5,936,720.80.
- On Tuesday, November 25th, Sylebra Capital Llc sold 46,110 shares of Impinj stock. The shares were 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 stock was sold at an average price of $155.10, for a total transaction of $472,434.60.
- On Thursday, November 20th, Sylebra Capital Llc sold 8,081 shares of Impinj stock. The shares were sold at an average price of $156.32, for a total value of $1,263,221.92.
Impinj Stock Up 0.9%
Shares of NASDAQ:PI opened at $158.26 on Friday. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of -359.67 and a beta of 1.50. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $247.06. The business's 50 day moving average is $182.52 and its 200 day moving average is $156.37.
Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 8.15% and a negative net margin of 3.45%.The business had revenue of $96.06 million for the quarter, compared to analysts' expectations of $92.71 million. During the same period last year, the business earned $0.56 EPS. The business'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, sell-side analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Impinj
Several institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC purchased a new position in shares of Impinj in the third quarter worth about $27,000. Hantz Financial Services Inc. lifted its stake in shares of Impinj by 90.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company's stock valued at $29,000 after buying an additional 75 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company's stock worth $31,000 after buying an additional 84 shares during the period. Salomon & Ludwin LLC bought a new position in Impinj in the 3rd quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Impinj in the 2nd quarter valued at approximately $28,000.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Zacks Research upgraded Impinj from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. UBS Group initiated coverage on shares of Impinj in a report on Friday, November 7th. They set a "neutral" rating and a $200.00 price objective for the company. Susquehanna set a $255.00 price objective on shares of Impinj in a research report on Thursday, October 30th. Piper Sandler boosted their target price on shares of Impinj from $180.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, October 23rd. Finally, Evercore ISI raised their price target on shares of Impinj from $236.00 to $273.00 and gave the stock an "outperform" rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.33.
View Our Latest Research Report on Impinj
About Impinj
(
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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.
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