Impinj, Inc. (NASDAQ:PI) Insider Sylebra Capital Llc Sells 2,550 Shares

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $195.41, for a total value of $498,295.50. Following the sale, the insider now directly owns 2,129,260 shares of the company’s stock, valued at $416,078,696.60. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 transaction of $15,863,922.64.
• On Friday, November 8th, Sylebra Capital Llc sold 250,000 shares of Impinj stock. The shares were sold at an average price of $203.00, for a total transaction of $50,750,000.00.
• 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 transaction of $18,121,660.02.
• On Monday, November 4th, Sylebra Capital Llc sold 95,670 shares of Impinj stock. The stock was sold at an average price of $195.21, for a total value 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 value 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 value of $6,257,255.85.
• On Friday, September 13th, Sylebra Capital Llc bought 4,264,393 shares of Impinj stock. The stock was purchased at an average cost of $4.69 per share, with a total value of $20,000,003.17.

Impinj Stock Down 3.4 %

PI stock opened at $176.51 on Friday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 198.33 and a beta of 1.81. Impinj, Inc. has a fifty-two week low of $78.17 and a fifty-two week high of $239.88. The business has a 50 day moving average price of $205.34 and a 200 day moving average price of $175.74.

Impinj (NASDAQ:PI) last issued its quarterly earnings data 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 net margin of 8.21% and a negative return on equity of 1.64%. The business had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.86 million. During the same quarter in the previous year, the firm earned ($0.36) EPS. The company’s revenue was up 46.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Impinj, Inc. will post 0.4 EPS for the current year.

Institutional Trading of Impinj

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its stake in Impinj by 1.5% during the third quarter. FMR LLC now owns 4,217,403 shares of the company’s stock worth $913,152,000 after buying an additional 60,461 shares during the period. Vanguard Group Inc. boosted 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 worth $322,384,000 after purchasing an additional 35,893 shares during the period. State Street Corp increased its holdings in Impinj by 25.7% in the 3rd quarter. State Street Corp now owns 1,078,676 shares of the company’s stock valued at $233,555,000 after purchasing an additional 220,776 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Impinj in the second quarter valued at about $103,252,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Impinj by 0.6% during the first quarter. Janus Henderson Group PLC now owns 439,562 shares of the company’s stock worth $56,376,000 after purchasing an additional 2,681 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PI shares. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their price target on shares of Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Piper Sandler reiterated an “overweight” rating and issued a $235.00 price objective (up from $225.00) on shares of Impinj in a research note on Thursday, October 24th. Cantor Fitzgerald boosted their target price on Impinj from $205.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Needham & Company LLC increased their price target on Impinj from $195.00 to $245.00 and gave the company a “buy” rating 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $224.60.

Impinj Company Profile

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.