Pinterest, Inc. (NYSE:PINS) Director Sells $45,068.50 in Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the sale, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, January 15th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The stock was sold at an average price of $30.43, for a total value of $34,994.50.
• On Wednesday, December 18th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $30.98, for a total value of $35,627.00.

Pinterest Price Performance

Shares of PINS opened at $37.68 on Friday. The company’s 50-day moving average is $32.78 and its 200-day moving average is $31.78. The firm has a market capitalization of $25.55 billion, a PE ratio of 14.01, a PEG ratio of 1.90 and a beta of 1.06. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19.

Pinterest (NYSE:PINS) last announced its quarterly earnings results 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 net margin of 51.07% and a return on equity of 8.10%. Analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pinterest

Large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its position in Pinterest by 5.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock worth $205,000 after buying an additional 313 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Pinterest by 3.7% in the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after acquiring an additional 339 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after acquiring an additional 342 shares during the period. Ethos Financial Group LLC raised its stake in Pinterest by 3.1% in the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock worth $342,000 after purchasing an additional 350 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Pinterest by 0.9% in the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock valued at $1,154,000 after purchasing an additional 372 shares during the period. Institutional investors own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of recent research reports. Wedbush lifted their target price on Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company lifted their price objective on shares of Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Raymond James boosted their price objective on shares of Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays raised their target price on shares of Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.86.

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.