Insider Selling: Pinterest (NYSE:PINS) Director Sells $991,406.25 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $21.15, for a total transaction of $991,406.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.78, for a total transaction of $1,020,937.50.
• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Stock Performance

Shares of Pinterest stock opened at $20.29 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The firm’s 50-day simple moving average is $20.23 and its 200-day simple moving average is $21.46. The firm has a market cap of $11.37 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the firm earned $0.23 earnings per share. Equities analysts forecast that Pinterest, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Trading of Pinterest

Large investors have recently modified their holdings of the company. Norges Bank bought a new position in Pinterest in the 4th quarter worth about $357,945,000. Davis Selected Advisers bought a new stake in shares of Pinterest during the third quarter valued at approximately $253,887,000. State Street Corp boosted its position in shares of Pinterest by 52.6% during the fourth quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after buying an additional 7,412,213 shares during the period. Victory Capital Management Inc. boosted its position in shares of Pinterest by 30.5% during the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock worth $694,082,000 after buying an additional 6,258,628 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Pinterest by 271.1% in the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock worth $109,831,000 after buying an additional 4,375,000 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

PINS has been the subject of a number of research analyst reports. Rosenblatt Securities boosted their price target on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. UBS Group lifted their price objective on shares of Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Argus lowered shares of Pinterest from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. BMO Capital Markets reissued an “outperform” rating and set a $30.00 target price on shares of Pinterest in a report on Tuesday, May 5th. Finally, Wells Fargo & Company raised their price target on shares of Pinterest from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.40.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.