Impinj (NASDAQ:PI) Insider Sylebra Capital Llc Sells 300,000 Shares of Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 300,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the transaction, the insider owned 1,829,260 shares in the company, valued at approximately $358,973,982.40. The trade was a 14.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Impinj Stock Down 2.5%

Shares of Impinj stock opened at $178.76 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. Impinj, Inc. has a 1 year low of $60.85 and a 1 year high of $239.88. The firm’s 50-day moving average is $153.99 and its two-hundred day moving average is $117.02. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 17,893.89 and a beta of 1.81.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The company had revenue of $97.89 million for the quarter, compared to analysts’ expectations of $93.78 million. During the same period in the prior year, the business earned $0.83 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, research analysts expect that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Cantor Fitzgerald increased their target price on shares of Impinj from $133.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Needham & Company LLC raised their price target on shares of Impinj from $115.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Susquehanna raised their price target on shares of Impinj from $130.00 to $140.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Finally, Piper Sandler raised their price target on shares of Impinj from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.29.

Hedge Funds Weigh In On Impinj

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Impinj in the 2nd quarter valued at approximately $28,000. Harbour Investments Inc. purchased a new position in shares of Impinj in the 2nd quarter valued at approximately $33,000. Quaker Wealth Management LLC raised its position in shares of Impinj by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 300 shares of the company’s stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. Banque Transatlantique SA purchased a new position in shares of Impinj in the 1st quarter valued at approximately $29,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Impinj in the 2nd quarter valued at approximately $43,000.

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.