IMPINJ Inc (PI) Stake Boosted by Sylebra HK Co Ltd

Sylebra HK Co Ltd increased its position in shares of IMPINJ Inc (NASDAQ:PI) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,231,582 shares of the company’s stock after buying an additional 332,519 shares during the period. IMPINJ comprises approximately 4.5% of Sylebra HK Co Ltd’s holdings, making the stock its 6th largest holding. Sylebra HK Co Ltd owned about 0.20% of IMPINJ worth $55,095,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PI. Senvest Management LLC purchased a new position in shares of IMPINJ during the fourth quarter valued at $13,371,000. Neuberger Berman Group LLC purchased a new position in shares of IMPINJ during the first quarter valued at $6,207,000. Barclays PLC grew its stake in IMPINJ by 3,684.4% in the first quarter. Barclays PLC now owns 109,332 shares of the company’s stock valued at $1,424,000 after purchasing an additional 106,443 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in IMPINJ in the first quarter valued at about $1,110,000. Finally, Bamco Inc. NY grew its stake in IMPINJ by 93.8% in the fourth quarter. Bamco Inc. NY now owns 155,000 shares of the company’s stock valued at $3,492,000 after purchasing an additional 75,000 shares during the last quarter. Hedge funds and other institutional investors own 74.32% of the company’s stock.

IMPINJ traded up $0.34, hitting $21.59, during trading on Thursday, according to Marketbeat. The company’s stock had a trading volume of 429 shares, compared to its average volume of 820,489. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.67 and a current ratio of 8.00. The company has a market cap of $456.46 million, a PE ratio of -74.17 and a beta of 2.12. IMPINJ Inc has a fifty-two week low of $9.95 and a fifty-two week high of $60.85.

IMPINJ (NASDAQ:PI) last issued its quarterly earnings results on Monday, May 7th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.01). The business had revenue of $25.10 million during the quarter, compared to analyst estimates of $23.95 million. IMPINJ had a negative return on equity of 11.89% and a negative net margin of 24.95%. IMPINJ’s revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. sell-side analysts predict that IMPINJ Inc will post -1.36 earnings per share for the current fiscal year.

Several equities analysts have issued reports on PI shares. Zacks Investment Research upgraded IMPINJ from a “sell” rating to a “hold” rating in a research note on Thursday, April 19th. Canaccord Genuity reiterated a “hold” rating on shares of IMPINJ in a research note on Friday, February 16th. Finally, BidaskClub upgraded IMPINJ from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. IMPINJ has a consensus rating of “Hold” and an average target price of $25.86.

About IMPINJ

Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

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Institutional Ownership by Quarter for IMPINJ (NASDAQ:PI)

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