Impinj (NASDAQ:PI) Director Sylebra Capital Llc Sells 40,500 Shares of Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 40,500 shares of Impinj stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $184.23, for a total value of $7,461,315.00. Following the completion of the transaction, the director owned 685,752 shares in the company, valued at $126,336,090.96. The trade was a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, November 3rd, Sylebra Capital Llc sold 49,691 shares of Impinj stock. The stock was sold at an average price of $185.23, for a total transaction of $9,204,263.93.

Impinj Trading Down 10.7%

Shares of NASDAQ PI opened at $161.06 on Friday. The company has a current ratio of 9.42, a quick ratio of 7.07 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $4.97 billion, a PE ratio of 375.62 and a beta of 1.90. The business has a 50-day moving average price of $178.07 and a two-hundred day moving average price of $144.34. Impinj, Inc. has a one year low of $87.36 and a one year high of $215.25.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Impinj had a negative net margin of 2.45% and a positive return on equity of 6.65%. The firm had revenue of $112.08 million for the quarter, compared to the consensus estimate of $107.16 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. As a group, analysts predict that Impinj, Inc. will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Impinj

Institutional investors have recently modified their holdings of the company. TOP Private Wealth LLC. acquired a new stake in shares of Impinj in the second quarter worth $25,000. Western Wealth Management LLC bought a new stake in shares of Impinj in the first quarter valued at about $28,000. Signaturefd LLC lifted its position in shares of Impinj by 72.3% in the 3rd quarter. Signaturefd LLC now owns 162 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares during the period. Global Retirement Partners LLC acquired a new stake in Impinj during the second quarter worth $31,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Impinj during the 3rd quarter valued at about $37,000.

Wall Street Analyst Weigh In

PI has been the subject of several analyst reports. Zacks Research lowered shares of Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Needham & Company LLC increased their target price on shares of Impinj from $168.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. UBS Group raised their target price on Impinj from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a report on Wednesday, October 28th. Finally, Jefferies Financial Group boosted their price target on Impinj from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.10.

Impinj Company Profile

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.