Impinj (NASDAQ:PI) Insider Sells 3,046 Shares

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 3,046 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $155.10, for a total transaction of $472,434.60. Following the sale, the insider directly owned 1,753,445 shares in the company, valued at $271,959,319.50. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 transaction of $1,263,221.92.
• On Wednesday, November 12th, Sylebra Capital Llc sold 3,772 shares of Impinj stock. The shares were sold at an average price of $156.30, for a total transaction 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 transaction 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.
• 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 transaction of $58,872,000.00.

Impinj Stock Up 2.5%

NASDAQ:PI traded up $3.87 during midday trading on Monday, reaching $157.44. 463,166 shares of the stock traded hands, compared to its average volume of 607,749. The business has a 50-day moving average of $186.41 and a two-hundred day moving average of $153.88. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $247.06. The stock has a market capitalization of $4.74 billion, a PE ratio of -357.81 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64.

Impinj (NASDAQ:PI) last issued its quarterly earnings results 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. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.The business had revenue of $96.06 million for the quarter, compared to analyst estimates of $92.71 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The company’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, equities analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Piper Sandler lifted their price objective on Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Zacks Research upgraded Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. UBS Group initiated coverage on Impinj in a report on Friday, November 7th. They issued a “neutral” rating and a $200.00 price objective on the stock. Finally, Roth Capital reaffirmed a “buy” rating and set a $235.00 target price on shares of Impinj in a report on Thursday, October 30th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Impinj currently has a consensus rating of “Moderate Buy” and an average target price of $226.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PI. CIBC Bancorp USA Inc. acquired a new position in shares of Impinj during the third quarter worth about $500,000. Advisory Services Network LLC acquired a new position in Impinj during the 3rd quarter worth approximately $129,000. Oberweis Asset Management Inc. purchased a new stake in shares of Impinj in the 3rd quarter valued at approximately $19,362,000. CANADA LIFE ASSURANCE Co increased its position in shares of Impinj by 8.8% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 26,779 shares of the company’s stock valued at $4,805,000 after purchasing an additional 2,160 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Impinj in the 3rd quarter valued at $675,000.

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.