Impinj, Inc. (NASDAQ:PI – Get Free Report) Director Sylebra Capital Llc sold 33,412 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $136.84, for a total transaction of $4,572,098.08. Following the completion of the sale, the director directly owned 888,055 shares of the company’s stock, valued at $121,521,446.20. This represents a 3.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Sylebra Capital Llc also recently made the following trade(s):
- On Wednesday, June 3rd, Sylebra Capital Llc sold 6,313 shares of Impinj stock. The shares were sold at an average price of $139.17, for a total transaction of $878,580.21.
- 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 transaction 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 transaction 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 stock was sold at an average price of $152.73, for a total value of $3,955,096.08.
Impinj Trading Up 6.9%
PI stock traded up $8.40 during midday trading on Monday, hitting $129.33. 652,659 shares of the company’s stock were exchanged, compared to its average volume of 632,057. The business has a 50-day simple moving average of $127.24 and a two-hundred day simple moving average of $139.22. 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 stock has a market capitalization of $3.94 billion, a PE ratio of -140.58 and a beta of 1.91. Impinj, Inc. has a 1-year low of $87.36 and a 1-year high of $247.06.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on PI shares. Evercore set a $144.00 price objective on Impinj in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Finally, UBS Group upped their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $175.00.
Get Our Latest Research Report on PI
Institutional Trading of Impinj
Large investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new stake in Impinj during the 1st quarter valued at $28,000. Hantz Financial Services Inc. increased its position in shares of Impinj by 90.4% in the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. lifted its stake 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 in the last quarter. Danske Bank A S purchased a new stake in shares of Impinj during the 4th quarter valued at about $35,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after buying an additional 140 shares during the period.
Impinj Company Profile
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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