Pinterest, Inc. (NYSE:PINS) CAO Sells $118,733.60 in Stock

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,845 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the sale, the chief accounting officer now directly owns 158,468 shares in the company, valued at approximately $4,893,491.84. This represents a 2.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pinterest Stock Down 0.1 %

Shares of PINS stock traded down $0.02 on Friday, reaching $30.30. The company had a trading volume of 3,510,815 shares, compared to its average volume of 9,619,156. The stock has a market capitalization of $20.47 billion, a PE ratio of 100.99, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The business’s 50-day moving average is $31.80 and its 200 day moving average is $35.44.

Wall Street Analyst Weigh In

PINS has been the topic of a number of recent analyst reports. Raymond James lowered their target price on shares of Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and set a $48.00 target price on shares of Pinterest in a report on Thursday, September 12th. Wedbush upgraded shares of Pinterest from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. KeyCorp lowered their target price on shares of Pinterest from $45.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, UBS Group lowered their target price on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Pinterest during the 3rd quarter valued at approximately $87,000. Sanctuary Advisors LLC grew its position in shares of Pinterest by 42.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 124,353 shares of the company’s stock worth $3,733,000 after buying an additional 36,925 shares during the period. TCW Group Inc. grew its position in shares of Pinterest by 14.6% during the 3rd quarter. TCW Group Inc. now owns 690,082 shares of the company’s stock worth $22,338,000 after buying an additional 88,086 shares during the period. Toronto Dominion Bank grew its position in shares of Pinterest by 36.7% during the 3rd quarter. Toronto Dominion Bank now owns 77,842 shares of the company’s stock worth $2,520,000 after buying an additional 20,881 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Pinterest by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company’s stock worth $305,710,000 after buying an additional 76,920 shares during the period. Institutional investors own 88.81% of the company’s stock.

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.