Impinj, Inc. (NASDAQ:PI – Get Free Report) Director Sylebra Capital Llc sold 6,313 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $139.17, for a total value of $878,580.21. Following the transaction, the director directly owned 921,467 shares in the company, valued at $128,240,562.39. This trade represents a 0.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sylebra Capital Llc also recently made the following trade(s):
- On Tuesday, June 2nd, Sylebra Capital Llc sold 38,724 shares of Impinj stock. The shares were sold at an average price of $142.31, for a total value of $5,510,812.44.
- On Monday, June 1st, Sylebra Capital Llc sold 7,163 shares of Impinj stock. The shares were sold at an average price of $144.29, for a total value of $1,033,549.27.
- On Friday, May 29th, Sylebra Capital Llc sold 48,504 shares of Impinj stock. The shares were sold at an average price of $150.78, for a total value of $7,313,433.12.
- On Friday, May 8th, Sylebra Capital Llc sold 25,896 shares of Impinj stock. The shares were sold at an average price of $152.73, for a total value of $3,955,096.08.
Impinj Trading Down 11.2%
NASDAQ:PI opened at $120.93 on Friday. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $247.06. The business’s 50-day moving average price is $127.24 and its two-hundred day moving average price is $139.26. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of -131.45 and a beta of 1.91.
Analysts Set New Price Targets
PI has been the topic of several analyst reports. Barclays increased their target price on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings lowered Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. UBS Group increased their target price on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Roth Mkm cut their target price on Impinj from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, Evercore set a $144.00 target price on Impinj in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $175.00.
View Our Latest Stock Analysis on PI
Institutional Investors Weigh In On Impinj
Hedge funds have recently modified their holdings of the business. Western Wealth Management LLC acquired a new stake in shares of Impinj during the first quarter worth about $28,000. Hantz Financial Services Inc. raised its position 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 during the period. Bessemer Group Inc. raised its position in shares of Impinj by 101.2% during 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. Danske Bank A S acquired a new stake in shares of Impinj during the fourth quarter worth about $35,000. Finally, Advisors Asset Management Inc. raised its position in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 140 shares during the period.
About Impinj
Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.
Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).
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