Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta Sells 3,667 Shares

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,667 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Andrea Acosta also recently made the following trade(s):

• On Wednesday, November 27th, Andrea Acosta sold 3,845 shares of Pinterest stock. The stock was sold at an average price of $30.88, for a total value of $118,733.60.

Pinterest Price Performance

PINS traded down $0.26 during trading on Tuesday, hitting $36.69. The stock had a trading volume of 11,330,533 shares, compared to its average volume of 12,163,936. The company has a 50 day moving average price of $33.05 and a 200-day moving average price of $31.94. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The firm has a market cap of $24.89 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 1.95 and a beta of 1.06.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) 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, sell-side analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Roth Capital set a $32.00 target price on Pinterest in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada increased their target price on shares of Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Piper Sandler reaffirmed a “neutral” rating and issued a $41.00 target price (up previously from $36.00) on shares of Pinterest in a research report on Friday, February 7th. Finally, Oppenheimer boosted their price target on shares of Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and an average target price of $43.47.

Institutional Trading of Pinterest

Institutional investors have recently bought and sold shares of the business. Whipplewood Advisors LLC bought a new stake in shares of Pinterest in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC raised its holdings in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after acquiring an additional 550 shares during the period. Strategic Investment Solutions Inc. IL grew its holdings in shares of Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after purchasing an additional 1,204 shares in the last quarter. Finally, True Wealth Design LLC increased its position in shares of 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. 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.