Insider Selling: Pinterest (NYSE:PINS) Director Sells $900,937.50 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $19.22, for a total value of $900,937.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 transaction of $2,009,062.50.
• On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.53, for a total transaction 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 transaction of $1,096,875.00.
• On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.88, for a total transaction 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.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.45, for a total transaction of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.99, for a total value of $937,031.25.

Pinterest Stock Up 1.2%

PINS opened at $18.52 on Friday. The business’s 50-day simple moving average is $22.31 and its 200-day simple moving average is $20.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest, Inc. has a one year low of $13.84 and a one year high of $36.45. The stock has a market capitalization of $10.38 billion, a P/E ratio of 54.48, a price-to-earnings-growth ratio of 1.20 and a beta of 0.90.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. Analysts anticipate that Pinterest, Inc. will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Pinterest

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its stake in Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after buying an additional 1,049 shares during the period. Addison Advisors LLC lifted its stake in shares of Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the period. MidFirst Bank purchased a new stake in shares of Pinterest in the fourth quarter valued at about $44,000. Summit Securities Group LLC purchased a new stake in shares of Pinterest in the first quarter valued at about $43,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Pinterest during the fourth quarter worth about $85,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and issued a $24.00 target price on shares of Pinterest in a report on Wednesday, August 5th. Jefferies Financial Group raised shares of Pinterest from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. Wells Fargo & Company lifted their price objective on shares of Pinterest from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Susquehanna reaffirmed a “positive” rating on shares of Pinterest in a report on Wednesday, August 5th. Finally, Mizuho upped their target price on shares of Pinterest from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.90.

Pinterest Company Profile

Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.