Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann Sells 102,083 Shares

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $33.71, for a total value of $3,441,217.93. Following the sale, the director now owns 6,274 shares of the company’s stock, valued at approximately $211,496.54. The trade was a 94.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 Stock Performance

Shares of PINS stock opened at $31.49 on Friday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The stock has a market capitalization of $21.35 billion, a PE ratio of 11.70, a PEG ratio of 1.95 and a beta of 1.02. The stock’s fifty day moving average is $34.66 and its 200-day moving average is $32.39.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on PINS. KeyCorp cut their target price on shares of Pinterest from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group upped their price objective on shares of Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wedbush increased their target price on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Barclays boosted their price target on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada raised their price objective on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.33.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 111 Capital bought a new position in Pinterest in the 4th quarter valued at $301,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Pinterest by 134.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 92,649 shares of the company’s stock valued at $2,687,000 after acquiring an additional 53,081 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new position in Pinterest in the fourth quarter valued at about $5,608,000. Probity Advisors Inc. increased its position in Pinterest by 86.1% in the fourth quarter. Probity Advisors Inc. now owns 12,138 shares of the company’s stock worth $352,000 after purchasing an additional 5,614 shares during the period. Finally, Siemens Fonds Invest GmbH increased its position in Pinterest by 679.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 48,408 shares of the company’s stock worth $1,404,000 after purchasing an additional 42,197 shares during the period. 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.