Gokul Rajaram Sells 1,150 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the sale, the director now owns 29,086 shares of the company’s stock, valued at approximately $1,139,880.34. This represents a 3.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gokul Rajaram also recently made the following trade(s):

• On Wednesday, January 15th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $30.43, for a total value of $34,994.50.
• On Wednesday, December 18th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The stock was sold at an average price of $30.98, for a total value of $35,627.00.

Pinterest Stock Up 2.5 %

Shares of NYSE PINS opened at $39.66 on Friday. The business’s 50 day moving average price is $32.78 and its two-hundred day moving average price is $31.78. The company has a market cap of $26.90 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada increased their target price on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Cantor Fitzgerald increased their price objective on shares of Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Pinterest in a research report on Friday, February 7th. UBS Group reduced their target price on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Roth Mkm dropped their price target on Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.86.

Institutional Trading of Pinterest

Hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its stake in Pinterest by 104.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock valued at $737,533,000 after buying an additional 12,986,310 shares during the last quarter. Norges Bank acquired a new position in shares of Pinterest in the fourth quarter valued at approximately $358,205,000. Marshall Wace LLP increased its stake in shares of Pinterest by 134.1% during the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock worth $310,352,000 after purchasing an additional 6,129,985 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Pinterest during the third quarter worth approximately $153,829,000. Finally, Ameriprise Financial Inc. lifted its holdings in Pinterest by 49.7% during the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock worth $395,441,000 after purchasing an additional 4,527,902 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Company Profile

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.