Impinj, Inc. (NASDAQ:PI – Get Free Report) Director Sylebra Capital Llc sold 12,105 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the sale, the director directly owned 782,943 shares of the company’s stock, valued at approximately $99,715,620.48. This represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Sylebra Capital Llc also recently made the following trade(s):
- On Monday, June 8th, Sylebra Capital Llc sold 45,528 shares of Impinj stock. The stock was sold at an average price of $128.94, for a total transaction of $5,870,380.32.
- On Friday, June 5th, Sylebra Capital Llc sold 47,479 shares of Impinj stock. The stock was sold at an average price of $124.06, for a total transaction of $5,890,244.74.
- On Thursday, June 4th, Sylebra Capital Llc sold 33,412 shares of Impinj stock. The stock was sold at an average price of $136.84, for a total transaction of $4,572,098.08.
- On Wednesday, June 3rd, Sylebra Capital Llc sold 6,313 shares of Impinj stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $150.78, for a total transaction 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 transaction of $3,955,096.08.
Impinj Trading Down 1.9%
Shares of NASDAQ:PI opened at $122.69 on Thursday. The company has a 50 day moving average of $128.85 and a 200-day moving average of $138.76. The firm has a market cap of $3.74 billion, a P/E ratio of -133.36 and a beta of 1.91. Impinj, Inc. has a twelve month low of $87.36 and a twelve month high of $247.06. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18.
Institutional Trading of Impinj
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new stake in Impinj during the first quarter valued at approximately $28,000. Hantz Financial Services Inc. raised its holdings in shares of Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares during the period. Bessemer Group Inc. raised its holdings in shares of Impinj by 101.2% during the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after acquiring an additional 84 shares during the period. Danske Bank A S acquired a new stake in shares of Impinj during the fourth quarter valued at approximately $35,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares during the period.
Analysts Set New Price Targets
Several research firms recently commented on PI. Evercore set a $144.00 target price on shares of Impinj in a research note on Thursday, April 30th. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. UBS Group increased their target price on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $175.00.
Read Our Latest Report on Impinj
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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