Sylebra Capital Llc Sells 250,000 Shares of Impinj, Inc. (NASDAQ:PI) Stock

Posted by Caroline Horne on Nov 15th, 2024

Impinj, Inc. (NASDAQ:PI – Get Free Report) major shareholder Sylebra Capital Llc sold 250,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $203.00, for a total transaction of $50,750,000.00. Following the completion of the transaction, the insider now directly owns 2,222,352 shares of the company’s stock, valued at $451,137,456. This represents a 10.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Wednesday, November 13th, Sylebra Capital Llc sold 2,550 shares of Impinj stock. The shares were sold at an average price of $195.41, for a total value of $498,295.50.
On Monday, November 11th, Sylebra Capital Llc sold 78,616 shares of Impinj stock. The stock was sold at an average price of $201.79, for a total value of $15,863,922.64.
On Wednesday, November 6th, Sylebra Capital Llc sold 89,809 shares of Impinj stock. The stock was sold at an average price of $201.78, for a total value of $18,121,660.02.
On Monday, November 4th, Sylebra Capital Llc sold 95,670 shares of Impinj stock. The shares were sold at an average price of $195.21, for a total transaction of $18,675,740.70.
On Friday, November 1st, Sylebra Capital Llc sold 22,373 shares of Impinj stock. The shares were sold at an average price of $195.00, for a total transaction of $4,362,735.00.
On Wednesday, October 30th, Sylebra Capital Llc sold 32,031 shares of Impinj stock. The stock was sold at an average price of $195.35, for a total transaction of $6,257,255.85.
On Friday, September 13th, Sylebra Capital Llc acquired 4,264,393 shares of Impinj stock. The shares were purchased at an average price of $4.69 per share, with a total value of $20,000,003.17.

Impinj Trading Down 1.6 %

Shares of NASDAQ:PI opened at $182.73 on Friday. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 205.31 and a beta of 1.81. Impinj, Inc. has a 12 month low of $78.17 and a 12 month high of $239.88. The firm’s 50-day moving average is $204.99 and its 200 day moving average is $175.70.

Impinj (NASDAQ:PI – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The firm had revenue of $95.20 million for the quarter, compared to the consensus estimate of $92.86 million. During the same period in the prior year, the business posted ($0.36) earnings per share. The company’s revenue for the quarter was up 46.5% on a year-over-year basis. As a group, equities analysts forecast that Impinj, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Cantor Fitzgerald raised their price target on Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Piper Sandler reissued an “overweight” rating and issued a $235.00 target price (up from $225.00) on shares of Impinj in a report on Thursday, October 24th. StockNews.com downgraded shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Roth Mkm lifted their price objective on shares of Impinj from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Evercore ISI restated an “outperform” rating and set a $270.00 target price (up from $205.00) on shares of Impinj in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Impinj presently has an average rating of “Moderate Buy” and an average price target of $224.60.

Check Out Our Latest Stock Analysis on Impinj

Institutional Trading of Impinj

A number of large investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Impinj by 1.5% during the third quarter. FMR LLC now owns 4,217,403 shares of the company’s stock valued at $913,152,000 after acquiring an additional 60,461 shares in the last quarter. Vanguard Group Inc. raised its position in Impinj by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,510,583 shares of the company’s stock valued at $322,384,000 after purchasing an additional 35,893 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Impinj in the 2nd quarter worth $103,252,000. Janus Henderson Group PLC grew its position in shares of Impinj by 0.6% during the 1st quarter. Janus Henderson Group PLC now owns 439,562 shares of the company’s stock worth $56,376,000 after buying an additional 2,681 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Impinj by 15.0% during the third quarter. Jennison Associates LLC now owns 239,140 shares of the company’s stock valued at $51,779,000 after buying an additional 31,269 shares during the period.

Impinj Company Profile

(Get Free Report)

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.