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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $23.40, for a total transaction of $1,096,875.00. The transaction was disclosed in a document filed with the SEC, which is accessible 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, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.88, for a total value of $1,119,375.00.
• 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 value 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 value 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 value of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 shares were 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 shares were 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 Price Performance

NYSE:PINS opened at $23.38 on Thursday. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $38.57. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $13.10 billion, a PE ratio of 68.76, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. The stock’s 50-day moving average price is $22.44 and its 200-day moving average price is $20.38.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. Pinterest’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that Pinterest, Inc. will post 0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new position in Pinterest during the fourth quarter worth approximately $252,000. Integrated Wealth Concepts LLC grew its holdings in Pinterest by 5.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after buying an additional 607 shares in the last quarter. Empowered Funds LLC grew its holdings in Pinterest by 45.6% in the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after buying an additional 4,748 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after purchasing an additional 2,649 shares during the period. Finally, Jump Financial LLC acquired a new position in Pinterest in the 2nd quarter valued at about $696,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $30.00 price target on shares of Pinterest in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Benchmark cut their target price on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. UBS Group upped their price target on shares of Pinterest from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, BMO Capital Markets raised their price target on shares of Pinterest from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.90.

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.