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 firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total value of $3,180,906.28. Following the transaction, the director now directly owns 6,274 shares in the company, valued at approximately $195,497.84. The trade was a 94.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Pinterest Trading Up 3.3 %

Shares of Pinterest stock opened at $32.45 on Friday. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The stock has a market cap of $22.01 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The company has a 50-day moving average of $34.39 and a two-hundred day moving average of $32.27.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PINS shares. TD Cowen started coverage on Pinterest in a report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a report on Monday, January 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $45.00) on shares of Pinterest in a report on Friday, February 7th. Rosenblatt Securities increased their target price on shares of Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, January 10th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.30.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PINS. Whipplewood Advisors LLC purchased a new position in shares of Pinterest during the 4th quarter worth approximately $28,000. GAMMA Investing LLC increased its stake in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after purchasing an additional 415 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after purchasing an additional 550 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its stake in shares of Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after purchasing an additional 1,204 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after purchasing an additional 1,487 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

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.