Pinterest (NYSE:PINS) Director Sells $859,218.75 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $18.33, for a total transaction of $859,218.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Silbermann also recently made the following trade(s):

• On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.50, for a total transaction of $914,062.50.
• On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.22, for a total value of $900,937.50.
• On Tuesday, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $20.07, for a total value of $940,781.25.
• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The shares were sold at an average price of $21.43, for a total value of $2,009,062.50.
• On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.53, for a total value of $1,102,968.75.
• On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.40, for a total value of $1,096,875.00.
• On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.88, for a total value of $1,119,375.00.
• On Tuesday, July 21st, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.54, for a total transaction of $1,056,562.50.
• On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.63, for a total transaction of $1,060,781.25.

Pinterest Stock Down 1.2%

Shares of Pinterest stock opened at $19.22 on Friday. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $35.42. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 56.54, a PEG ratio of 1.27 and a beta of 0.90. The company has a 50-day moving average of $21.53 and a 200 day moving average of $20.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the company earned $0.33 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

PINS has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Pinterest from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. Robert W. Baird raised their price target on Pinterest from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Guggenheim lifted their price target on Pinterest from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on Pinterest from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Finally, Mizuho upped their price target on shares of Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Eighteen analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to MarketBeat, Pinterest has an average rating of “Hold” and an average target price of $27.90.

Institutional Trading of Pinterest

Institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its stake in Pinterest by 30.5% during the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after acquiring an additional 6,258,628 shares during the period. Norges Bank bought a new stake in shares of Pinterest in the fourth quarter worth approximately $357,945,000. Geode Capital Management LLC raised its holdings in shares of Pinterest by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 11,188,981 shares of the company’s stock valued at $288,872,000 after purchasing an additional 804,774 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Pinterest by 271.1% during the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock valued at $109,831,000 after purchasing an additional 4,375,000 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Pinterest by 15.4% during the first quarter. Bank of America Corp DE now owns 5,848,116 shares of the company’s stock valued at $107,254,000 after purchasing an additional 779,998 shares during the period. Institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.