Donnelly Julia Brau Sells 29,605 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 29,605 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $33.95, for a total transaction of $1,005,089.75. Following the transaction, the chief financial officer now directly owns 166,408 shares of the company’s stock, valued at approximately $5,649,551.60. This trade represents a 15.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Donnelly Julia Brau also recently made the following trade(s):

• On Friday, March 7th, Donnelly Julia Brau sold 38,596 shares of Pinterest stock. The shares were sold at an average price of $34.27, for a total transaction of $1,322,684.92.

Pinterest Trading Up 1.9 %

PINS stock opened at $34.68 on Wednesday. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The firm has a 50-day moving average of $34.56 and a two-hundred day moving average of $32.35. The firm has a market capitalization of $23.52 billion, a PE ratio of 12.89, a P/E/G ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Maverick Capital Ltd. boosted its position in Pinterest by 47.6% during the 3rd quarter. Maverick Capital Ltd. now owns 57,180 shares of the company’s stock worth $1,851,000 after acquiring an additional 18,430 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Pinterest by 8.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company’s stock worth $49,855,000 after purchasing an additional 119,367 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Pinterest by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock worth $27,326,000 after purchasing an additional 32,539 shares during the period. Charles Schwab Investment Management Inc. grew its position in Pinterest by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company’s stock valued at $137,669,000 after purchasing an additional 87,041 shares in the last quarter. Finally, Leibman Financial Services Inc. increased its stake in Pinterest by 102.2% in the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company’s stock valued at $1,862,000 after buying an additional 32,464 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PINS. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $47.00 in a research report on Friday, February 7th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Wells Fargo & Company raised their target price on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Monness Crespi & Hardt upgraded Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, January 10th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $32.00 price target (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.