Pinterest, Inc. (NYSE:PINS) Director Sells 1,150 Shares

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the transaction, the director now owns 32,536 shares of the company’s stock, valued at $967,295.28. The trade was a 3.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, October 16th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $33.52, for a total value of $38,548.00.

Pinterest Trading Up 0.3 %

Shares of NYSE:PINS traded up $0.08 during mid-day trading on Thursday, reaching $29.31. The stock had a trading volume of 11,351,678 shares, compared to its average volume of 9,626,346. The company has a market cap of $19.81 billion, a P/E ratio of 97.45, a price-to-earnings-growth ratio of 2.13 and a beta of 1.02. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The business’s 50 day moving average price is $31.71 and its 200 day moving average price is $35.97.

Institutional Investors Weigh In On Pinterest

A number of hedge funds have recently made changes to their positions in PINS. Brown Shipley& Co Ltd purchased a new stake in shares of Pinterest in the second quarter worth about $25,000. Wellington Shields Capital Management LLC bought a new stake in Pinterest during the second quarter worth approximately $26,000. Hexagon Capital Partners LLC increased its stake in Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after acquiring an additional 459 shares during the last quarter. GAMMA Investing LLC increased its stake in Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after acquiring an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Pinterest during the second quarter worth approximately $35,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PINS shares. Rosenblatt Securities lowered their price objective on Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Roth Mkm reduced their target price on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, November 8th. KeyCorp reduced their target price on Pinterest from $45.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $48.00 target price on shares of Pinterest in a report on Thursday, September 12th. Finally, UBS Group reduced their target price on Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

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.