Insider Selling: Pinterest, Inc. (NYSE:PINS) Director Sells 102,083 Shares of Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.27, for a total value of $3,192,135.41. Following the sale, the director now owns 6,274 shares of the company’s stock, valued at approximately $196,187.98. This represents a 94.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, March 26th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $33.71, for a total value of $3,441,217.93.
• On Wednesday, March 19th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $31.16, for a total value of $3,180,906.28.

Pinterest Price Performance

PINS opened at $27.54 on Friday. The company has a market capitalization of $18.68 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.95 and a beta of 0.99. The firm’s fifty day moving average price is $34.54 and its two-hundred day moving average price is $32.40. Pinterest, Inc. has a fifty-two week low of $26.95 and a fifty-two week high of $45.19.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share 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 expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Pinterest by 104.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock worth $737,533,000 after buying an additional 12,986,310 shares during the period. Norges Bank bought a new position in shares of Pinterest during the fourth quarter valued at $358,205,000. Marshall Wace LLP boosted its stake in shares of Pinterest by 134.1% in the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock valued at $310,352,000 after purchasing an additional 6,129,985 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Pinterest in the 3rd quarter worth about $153,829,000. Finally, Ameriprise Financial Inc. increased its position in shares of 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 in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PINS. Guggenheim reaffirmed a “buy” rating on shares of Pinterest in a research report on Tuesday. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, January 10th. Barclays upped their price objective on shares of Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. KeyCorp cut their target price on Pinterest from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Finally, Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and an average price target of $43.17.

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.