Pinterest, Inc. (NYSE:PINS) Director Sells $3,441,217.93 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $33.71, for a total transaction of $3,441,217.93. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, March 19th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28.

Pinterest Price Performance

PINS opened at $32.29 on Friday. The firm has a 50 day simple moving average of $34.64 and a 200 day simple moving average of $32.35. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The company has a market cap of $21.90 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

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

Hedge Funds Weigh In On Pinterest

Several hedge funds have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new stake in shares of Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC grew its holdings in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares during the period. Strategic Investment Solutions Inc. IL increased its stake in Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock valued at $44,000 after purchasing an additional 1,204 shares in the last quarter. True Wealth Design LLC raised its holdings in Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after purchasing an additional 1,487 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analysts Set New Price Targets

PINS has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Barclays boosted their price objective on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Raymond James raised their target price on Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Jefferies Financial Group reissued a “hold” rating and issued a $32.00 price target (down previously from $40.00) on shares of Pinterest in a report on Monday, January 13th. Finally, Roth Capital set a $32.00 price objective on shares of Pinterest in a report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and an average 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.