Sylebra Capital LLC sold 45,761 shares of Impinj, totaling approximately $7.7 million based on a weighted average price of $167.25 per share. All shares were indirectly owned through entities like Sylebra Capital Partners Master Fund. Walmart’s expansion of RFID tag requirements continues to benefit Impinj. Director Daniel Patrick Gibson executed the sales over three days in December.

The sale represents a decrease in Sylebra’s indirect holdings by 2.96%, with no direct ownership before or after the transaction. The weighted average price exceeded market levels on transaction dates. Shares were sold below Sylebra’s historical median, indicating smaller lot sizes. No direct holdings were reported, all were held indirectly via entities.

Impinj is a technology company specializing in cloud connectivity platforms for enterprise and industrial applications. It serves various sectors and generates revenue through hardware and software sales for item-level connectivity. Walmart’s RFID tag mandate has boosted Impinj’s sales. The company recently surpassed 5 billion shipments of its endpoint IC products.

Impinj’s stock was down approximately 10% year over year at the time of the sale. Despite short-term fluctuations, Impinj has shown long-term growth, up 335% over five years and 14% since the start of 2026. The company provides RFID technology to various industries and stands to benefit from Walmart’s expanded requirements.

Read more at Yahoo Finance: This Impinj Insider Sold 45,000 Shares Worth $7.7 Million. Did They Miss Out on Even Bigger Gains?