Impinj, Inc. (NASDAQ:PI – Get Free Report) insider Sylebra Capital Llc sold 84,604 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $155.49, for a total transaction of $13,155,075.96. Following the completion of the transaction, the insider owned 1,412,699 shares of the company’s stock, valued at approximately $219,660,567.51. The trade was a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Sylebra Capital Llc also recently made the following trade(s):
- On Tuesday, December 9th, Sylebra Capital Llc sold 40 shares of Impinj stock. The shares were sold at an average price of $160.01, for a total transaction of $6,400.40.
- On Monday, December 8th, Sylebra Capital Llc sold 2,494 shares of Impinj stock. The stock was sold at an average price of $160.72, for a total transaction of $400,835.68.
- On Friday, December 5th, Sylebra Capital Llc sold 1,373 shares of Impinj stock. The shares were sold at an average price of $161.04, for a total value of $221,107.92.
- On Thursday, December 4th, Sylebra Capital Llc sold 3,167 shares of Impinj stock. The shares were sold at an average price of $160.59, for a total value of $508,588.53.
- On Wednesday, December 3rd, Sylebra Capital Llc sold 41,221 shares of Impinj stock. The stock was sold at an average price of $167.97, for a total value of $6,923,891.37.
- On Tuesday, December 2nd, Sylebra Capital Llc sold 41,874 shares of Impinj stock. The stock was sold at an average price of $168.23, for a total value of $7,044,463.02.
- On Monday, December 1st, Sylebra Capital Llc sold 31,058 shares of Impinj stock. The shares were sold at an average price of $167.02, for a total value of $5,187,307.16.
- On Friday, November 28th, Sylebra Capital Llc sold 22,297 shares of Impinj stock. The stock was sold at an average price of $172.62, for a total value of $3,848,908.14.
- On Wednesday, November 26th, Sylebra Capital Llc sold 34,556 shares of Impinj stock. The shares were sold at an average price of $171.80, for a total transaction of $5,936,720.80.
- On Tuesday, November 25th, Sylebra Capital Llc sold 46,110 shares of Impinj stock. The shares were sold at an average price of $167.73, for a total transaction of $7,734,030.30.
Impinj Price Performance
Shares of PI stock traded down $1.41 during mid-day trading on Wednesday, hitting $155.06. The company had a trading volume of 491,340 shares, compared to its average volume of 528,889. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.67 and a quick ratio of 1.97. The stock’s 50 day moving average price is $181.15 and its 200-day moving average price is $157.48. Impinj, Inc. has a 52-week low of $60.85 and a 52-week high of $247.06. The company has a market capitalization of $4.67 billion, a P/E ratio of -352.40 and a beta of 1.50.
Analyst Ratings Changes
A number of research firms recently commented on PI. Susquehanna set a $255.00 target price on Impinj in a research report on Thursday, October 30th. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Piper Sandler increased their target price on Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. 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 upped 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 analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $226.33.
View Our Latest Stock Report on PI
Institutional Investors Weigh In On Impinj
Several institutional investors have recently modified their holdings of PI. Swiss Life Asset Management Ltd bought a new stake in shares of Impinj during the third quarter worth $218,000. CIBC Bancorp USA Inc. purchased a new position in Impinj in the 3rd quarter worth about $500,000. Advisory Services Network LLC bought a new stake in Impinj during the 3rd quarter valued at about $129,000. Oberweis Asset Management Inc. bought a new stake in Impinj during the 3rd quarter valued at about $19,362,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Impinj by 8.8% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 26,779 shares of the company’s stock valued at $4,805,000 after buying an additional 2,160 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.
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