Insider Selling: Impinj (NASDAQ:PI) Insider Sells $3,981,846.15 in Stock

Impinj, Inc. (NASDAQ:PI) insider Sylebra Capital Llc sold 23,157 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $171.95, for a total value of $3,981,846.15. Following the sale, the insider owned 1,804,590 shares of the company’s stock, valued at approximately $310,299,250.50. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, November 7th, Sylebra Capital Llc sold 6,246 shares of Impinj stock. The stock was sold at an average price of $162.16, for a total value of $1,012,851.36.
• On Monday, November 3rd, Sylebra Capital Llc sold 1,513 shares of Impinj stock. The shares were sold at an average price of $202.01, for a total value of $305,641.13.
• On Wednesday, September 10th, Sylebra Capital Llc sold 300,000 shares of Impinj stock. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00.

Impinj Trading Down 1.3%

Shares of Impinj stock opened at $153.04 on Thursday. The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. Impinj, Inc. has a 12-month low of $60.85 and a 12-month high of $247.06. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of -347.81 and a beta of 1.83. The firm’s 50-day moving average price is $193.10 and its two-hundred day moving average price is $150.52.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The company had revenue of $96.06 million during the quarter, compared to analysts’ expectations of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. On average, analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PI. Cantor Fitzgerald upped their target price on Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a research note on Wednesday, October 8th. Barclays lifted their target price on Impinj from $200.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Needham & Company LLC raised their price target on shares of Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and an average price target of $226.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Impinj by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock worth $303,000 after buying an additional 57 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Impinj by 0.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock worth $3,113,000 after purchasing an additional 66 shares during the period. Amalgamated Bank lifted its holdings in shares of Impinj by 1.1% during the second quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock worth $741,000 after purchasing an additional 74 shares during the period. Hantz Financial Services Inc. increased its holdings in Impinj by 90.4% in the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after purchasing an additional 75 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 84 shares during the period.

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.