Pinterest, Inc. (NYSE:PINS) Director Sells $64,479.56 in Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gokul Rajaram also recently made the following trade(s):

• On Wednesday, March 20th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40.

Pinterest Stock Down 1.5 %

PINS opened at $32.40 on Friday. The company has a fifty day moving average price of $34.79 and a two-hundred day moving average price of $33.97. Pinterest, Inc. has a 52 week low of $20.60 and a 52 week high of $41.60.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. The firm had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. As a group, research analysts predict that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of Pinterest

Institutional investors have recently bought and sold shares of the business. ARK Investment Management LLC grew its holdings in Pinterest by 152.3% during the 4th quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock worth $53,507,000 after acquiring an additional 872,016 shares during the period. Nordea Investment Management AB grew its holdings in shares of Pinterest by 57.9% in the 4th quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock valued at $32,766,000 after buying an additional 323,547 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Pinterest by 53.1% in the 3rd quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company’s stock valued at $84,826,000 after buying an additional 1,089,299 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Pinterest by 55.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock valued at $6,477,000 after buying an additional 62,117 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Pinterest by 1,059.5% in the 3rd quarter. National Bank of Canada FI now owns 85,723 shares of the company’s stock valued at $2,318,000 after buying an additional 78,330 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PINS shares. BMO Capital Markets started coverage on shares of Pinterest in a research note on Tuesday, January 9th. They set an “outperform” rating and a $45.00 price target for the company. Evercore ISI raised their price target on shares of Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Piper Sandler reiterated an “overweight” rating and issued a $48.00 target price on shares of Pinterest in a research note on Tuesday, March 26th. Wedbush lifted their target price on shares of Pinterest from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada lifted their target price on shares of Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.97.

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.