Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta Sells 3,667 Shares

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,667 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the transaction, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Andrea Acosta also recently made the following trade(s):

• On Wednesday, November 27th, Andrea Acosta sold 3,845 shares of Pinterest stock. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $36.69 on Wednesday. The company has a market cap of $24.89 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a 50 day simple moving average of $33.05 and a 200 day simple moving average of $31.94.

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

Institutional Investors Weigh In On Pinterest

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC purchased a new stake in Pinterest in the 4th quarter worth approximately $28,000. GAMMA Investing LLC lifted its position in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after buying an additional 415 shares in the last quarter. Crewe Advisors LLC lifted its position in Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after buying an additional 550 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position in Pinterest by 401.3% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after buying an additional 1,204 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after buying an additional 1,487 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler restated a “neutral” rating and issued a $41.00 target price (up previously from $36.00) on shares of Pinterest in a research report on Friday, February 7th. KeyCorp upped their target price on shares of Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. TD Cowen initiated coverage on shares of Pinterest in a report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective for the company. Wedbush increased their price objective on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Cantor Fitzgerald increased their price objective on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and a consensus target price of $43.47.

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.