Sylebra Capital Llc Sells 50,573 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 50,573 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $146.62, for a total value of $7,415,013.26. Following the sale, the insider owned 1,266,781 shares in the company, valued at $185,735,430.22. This represents a 3.84% decrease in their position. The sale 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 Thursday, December 11th, Sylebra Capital Llc sold 95,345 shares of Impinj stock. The shares were sold at an average price of $152.87, for a total value of $14,575,390.15.
• On Monday, December 15th, Sylebra Capital Llc sold 134,629 shares of Impinj stock. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44.
• 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 Monday, December 8th, Sylebra Capital Llc sold 2,494 shares of Impinj stock. The shares were sold at an average price of $160.72, for a total value of $400,835.68.
• On Friday, December 5th, Sylebra Capital Llc sold 1,373 shares of Impinj stock. The stock was sold at an average price of $161.04, for a total value 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 value 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 value 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 value 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 transaction of $5,187,307.16.

Impinj Trading Up 5.5%

NASDAQ PI traded up $7.96 during mid-day trading on Monday, reaching $153.29. 940,572 shares of the stock were exchanged, compared to its average volume of 548,509. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.67 and a quick ratio of 1.97. The stock has a market cap of $4.62 billion, a P/E ratio of -348.38 and a beta of 1.50. The stock has a 50 day simple moving average of $178.89 and a 200-day simple moving average of $158.54. Impinj, Inc. has a one year low of $60.85 and a one year high of $247.06.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, topping 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 firm had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. During the same period last year, the company posted $0.56 EPS. The business’s quarterly 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, analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PI shares. Piper Sandler lifted their price objective 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. Roth Capital reissued a “buy” rating and set a $235.00 price objective on shares of Impinj in a research report on Thursday, October 30th. Needham & Company LLC boosted their target price on Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Barclays upped their price target on Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, UBS Group initiated coverage on Impinj in a research note on Friday, November 7th. They issued a “neutral” rating and a $200.00 price objective for the company. One research 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.33.

Hedge Funds Weigh In On Impinj

Several large investors have recently bought and sold shares of PI. DLD Asset Management LP bought a new stake in shares of Impinj in the 2nd quarter worth $1,332,840,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Impinj by 304.4% in 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 worth $88,184,000 after purchasing an additional 731,817 shares in the last quarter. Invesco Ltd. increased its stake in Impinj by 48.3% in the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after buying an additional 393,685 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Impinj by 52.7% during the 1st quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company’s stock worth $56,431,000 after buying an additional 214,792 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Impinj in the 3rd quarter worth approximately $36,259,000.

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.