Donnelly Julia Brau Sells 29,605 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 29,605 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $33.95, for a total transaction of $1,005,089.75. Following the sale, the chief financial officer now directly owns 166,408 shares in the company, valued at $5,649,551.60. This represents a 15.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Donnelly Julia Brau also recently made the following trade(s):

• On Friday, March 7th, Donnelly Julia Brau sold 38,596 shares of Pinterest stock. The stock was sold at an average price of $34.27, for a total value of $1,322,684.92.

Pinterest Stock Performance

Shares of PINS stock opened at $32.96 on Thursday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The company’s 50 day moving average price is $34.60 and its two-hundred day moving average price is $32.35. The company has a market capitalization of $22.35 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

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%. Analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Institutional Trading of Pinterest

A number of institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. raised its position in Pinterest by 3.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after buying an additional 339 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Pinterest by 2.8% during the 4th 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 in the last quarter. Ethos Financial Group LLC lifted its position in shares of Pinterest by 3.1% in the fourth 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. Amalgamated Bank boosted its holdings in Pinterest by 0.9% during the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock worth $1,154,000 after purchasing an additional 372 shares during the last quarter. Finally, Commerce Bank grew its position in Pinterest by 3.3% in the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock valued at $384,000 after purchasing an additional 378 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Rosenblatt Securities boosted their price objective on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group increased their price objective on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wedbush boosted their target price on shares of Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Stifel Nicolaus reissued a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Finally, KeyCorp dropped their price objective on shares of Pinterest from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

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.