Pinterest (NYSE:PINS) Director Benjamin Silbermann Sells 46,875 Shares

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $23.88, for a total value of $1,119,375.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, July 21st, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.54, for a total transaction of $1,056,562.50.
• On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.63, for a total transaction of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.45, for a total transaction of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.99, for a total transaction of $937,031.25.
• On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.15, for a total transaction of $991,406.25.
• 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 shares were sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Price Performance

Shares of NYSE:PINS opened at $22.93 on Thursday. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $38.57. The firm has a 50-day simple moving average of $22.28 and a 200 day simple moving average of $20.41. The company has a market cap of $12.84 billion, a PE ratio of 67.44, a P/E/G ratio of 1.27 and a beta of 0.90.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. Pinterest’s quarterly revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.62 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on PINS shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price target on shares of Pinterest in a report on Tuesday, May 5th. DA Davidson upped their price objective on Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Benchmark dropped their target price on Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $28.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Finally, Wall Street Zen raised shares of Pinterest from a “hold” rating to a “buy” rating in a report on Sunday. Seventeen research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.90.

Hedge Funds Weigh In On Pinterest

Several large investors have recently bought and sold shares of the stock. Elevated Capital Advisors LLC acquired a new stake in shares of Pinterest in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after acquiring an additional 1,049 shares during the period. Addison Advisors LLC increased its stake in shares of Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after acquiring an additional 1,200 shares during the period. Garner Asset Management Corp bought a new stake in Pinterest during the fourth quarter worth approximately $36,000. Finally, Summit Securities Group LLC bought a new stake in Pinterest during the first quarter worth approximately $43,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

About Pinterest

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.