Insider Selling: Pinterest (NYSE:PINS) Director Sells $885,937.50 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $18.90, for a total value of $885,937.50. The sale was disclosed in a filing 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, November 3rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.92, for a total value of $933,750.00.
• On Tuesday, October 20th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.56, for a total value of $1,057,500.00.
• On Tuesday, October 13th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.56, for a total value of $1,010,625.00.
• On Tuesday, October 6th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.66, for a total value of $921,562.50.
• On Tuesday, September 29th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $18.33, for a total value of $859,218.75.
• On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.50, for a total value of $914,062.50.
• On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.22, for a total transaction of $900,937.50.
• On Tuesday, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $20.07, for a total transaction of $940,781.25.
• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50.
• On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.53, for a total transaction of $1,102,968.75.

Pinterest Stock Down 0.7%

Shares of PINS traded down $0.13 during mid-day trading on Thursday, hitting $19.10. The company’s stock had a trading volume of 6,898,414 shares, compared to its average volume of 16,399,779. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average is $20.14 and its 200-day moving average is $20.53. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $27.96. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 76.40, a PEG ratio of 1.52 and a beta of 0.98.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Pinterest had a net margin of 3.81% and a return on equity of 6.58%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. On average, equities research analysts forecast that Pinterest, Inc. will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in shares of Pinterest by 7.0% during the third quarter. Allworth Financial LP now owns 18,128 shares of the company’s stock worth $342,000 after acquiring an additional 1,187 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Pinterest by 3.2% in the 3rd quarter. D.A. Davidson & CO. now owns 39,472 shares of the company’s stock worth $746,000 after purchasing an additional 1,218 shares in the last quarter. GAMMA Investing LLC grew its position in Pinterest by 13.6% during the 2nd quarter. GAMMA Investing LLC now owns 10,929 shares of the company’s stock worth $230,000 after purchasing an additional 1,308 shares during the last quarter. Parallel Advisors LLC grew its position in Pinterest by 31.7% during the 1st quarter. Parallel Advisors LLC now owns 5,780 shares of the company’s stock worth $106,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Pinterest by 15.5% during the 2nd quarter. Versant Capital Management Inc now owns 11,094 shares of the company’s stock worth $233,000 after purchasing an additional 1,490 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PINS. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Pinterest in a research report on Friday, October 30th. Wall Street Zen downgraded shares of Pinterest from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Zacks Research lowered shares of Pinterest from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Royal Bank Of Canada lowered their price target on shares of Pinterest from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Friday, October 30th. Finally, Rosenblatt Securities cut their price objective on shares of Pinterest from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.97.

Pinterest Company Profile

Pinterest, Inc. operates a visual discovery platform that helps people find ideas and plan projects across interests such as home décor, food, fashion, travel and personal style. Users can save images and videos, known as Pins, to collections called boards and explore related recommendations through the company’s website and mobile apps. The company generates revenue primarily through advertising. Its advertising products allow businesses to promote content to users, while shopping features and tools help merchants showcase products and connect with people as they explore ideas and make plans.