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

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 2,550 shares of Impinj stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $195.41, for a total value of $498,295.50. Following the completion of the transaction, the insider now directly owns 2,129,260 shares of the company’s stock, valued at approximately $416,078,696.60. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were 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 stock was 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 shares were 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 acquired 4,264,393 shares of Impinj stock. The shares were bought at an average cost of $4.69 per share, with a total value of $20,000,003.17.

Impinj Stock Down 3.4 %

Shares of NASDAQ PI opened at $176.51 on Friday. The stock has a market cap of $4.99 billion, a PE ratio of 198.33 and a beta of 1.81. Impinj, Inc. has a 52-week low of $78.17 and a 52-week high of $239.88. The business has a 50-day moving average price of $205.73 and a 200 day moving average price of $175.88.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $92.86 million. During the same period last year, the firm posted ($0.36) earnings per share. The company’s revenue for the quarter was up 46.5% compared to the same quarter last year. Sell-side analysts anticipate that Impinj, Inc. will post 0.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in shares of Impinj in the third quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its stake in Impinj by 1,084.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after buying an additional 141 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Impinj during the 3rd quarter worth $54,000. SouthState Corp acquired a new stake in shares of Impinj in the 2nd quarter worth $94,000. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Impinj in the third quarter valued at about $138,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PI shares. Cantor Fitzgerald raised their target price on shares of Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. StockNews.com lowered shares of Impinj from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Roth Mkm boosted their target price 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. Lake Street Capital increased their target price on Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price target on Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.60.

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.