Impinj (NASDAQ:PI) Insider Sells $5,187,307.16 in Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 31,058 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $167.02, for a total value of $5,187,307.16. Following the completion of the sale, the insider directly owned 1,587,472 shares of the company’s stock, valued at $265,139,573.44. The trade was a 1.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $7,044,463.02.
• On Friday, November 28th, Sylebra Capital Llc sold 22,297 shares of Impinj stock. The stock was sold at an average price of $172.62, for a total transaction of $3,848,908.14.
• On Wednesday, November 26th, Sylebra Capital Llc sold 34,556 shares of Impinj stock. The shares were sold at an average price of $171.80, for a total transaction of $5,936,720.80.
• On Tuesday, November 25th, Sylebra Capital Llc sold 46,110 shares of Impinj stock. The stock was sold at an average price of $167.73, for a total transaction of $7,734,030.30.
• On Monday, November 24th, Sylebra Capital Llc sold 31,952 shares of Impinj stock. The shares were sold at an average price of $159.42, for a total value of $5,093,787.84.
• On Friday, November 21st, Sylebra Capital Llc sold 3,046 shares of Impinj stock. The stock was sold at an average price of $155.10, for a total value of $472,434.60.
• 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 value of $1,263,221.92.
• On Wednesday, November 12th, Sylebra Capital Llc sold 3,772 shares of Impinj stock. The stock was sold at an average price of $156.30, for a total value 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 transaction of $1,012,851.36.

Impinj Stock Performance

Shares of PI traded down $3.87 during mid-day trading on Wednesday, hitting $164.18. 637,363 shares of the company traded hands, compared to its average volume of 608,596. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of -373.13 and a beta of 1.50. The stock has a 50-day moving average price of $183.30 and a two-hundred day moving average price of $156.13. Impinj, Inc. has a 1 year low of $60.85 and a 1 year high of $247.06. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.97 and a current ratio of 2.67.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Equities analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Needham & Company LLC increased their price target on shares of Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating and set a $235.00 price objective on shares of Impinj in a research note on Thursday, October 30th. Barclays increased their price target on Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Evercore ISI raised their target price on shares of Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Hedge Funds Weigh In On Impinj

Several large investors have recently modified their holdings of PI. CoreCap Advisors LLC acquired a new position in Impinj during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Impinj during the 2nd quarter worth $28,000. Banque Transatlantique SA purchased a new position in shares of Impinj in the 1st quarter valued at about $29,000. Hantz Financial Services Inc. lifted its position in shares of Impinj by 90.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after buying an additional 75 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in Impinj during the 3rd quarter worth approximately $31,000.

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.