Insider Selling: Pinterest, Inc. (NYSE:PINS) Insider Sells 12,253 Shares of Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 12,253 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $32.24, for a total value of $395,036.72. Following the completion of the transaction, the insider now owns 228,510 shares of the company’s stock, valued at $7,367,162.40. The trade was a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wanjiku Juanita Walcott also recently made the following trade(s):

• On Monday, March 10th, Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock. The stock was sold at an average price of $32.85, for a total value of $219,766.50.

Pinterest Trading Down 2.3 %

Shares of Pinterest stock opened at $31.49 on Friday. The company has a fifty day simple moving average of $34.66 and a 200-day simple moving average of $32.37. The stock has a market cap of $21.35 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PINS. Hantz Financial Services Inc. increased its holdings 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 purchasing an additional 339 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Pinterest by 2.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock valued at $366,000 after purchasing an additional 342 shares in the last quarter. Ethos Financial Group LLC increased its position in Pinterest by 3.1% during 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 during the period. Amalgamated Bank raised its stake in shares of Pinterest by 0.9% during the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock worth $1,154,000 after buying an additional 372 shares in the last quarter. Finally, Commerce Bank lifted its holdings in shares of Pinterest by 3.3% in the 3rd quarter. Commerce Bank now owns 11,868 shares of the company’s stock valued at $384,000 after buying an additional 378 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on PINS. Raymond James upped their target price on shares of Pinterest from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Monness Crespi & Hardt raised shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, January 10th. Guggenheim upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and lifted their target price for the company from $39.00 to $40.00 in a report on Monday, March 24th. Rosenblatt Securities upped their price target on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Cantor Fitzgerald lifted their price objective on Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.