Insider Selling: Pinterest (NYSE:PINS) Director Sells 46,875 Shares

Pinterest, Inc. (NYSE:PINSGet Free Report) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $19.99, for a total transaction of $937,031.25. The sale was disclosed in a filing with the SEC, 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 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 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 Stock Down 1.9%

Shares of PINS stock traded down $0.38 on Thursday, hitting $19.48. The company’s stock had a trading volume of 14,008,304 shares, compared to its average volume of 19,309,492. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The firm’s fifty day moving average price is $20.34 and its 200-day moving average price is $21.27. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 40.58, a P/E/G ratio of 1.12 and a beta of 0.92.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on PINS shares. Rothschild & Co Redburn set a $23.00 price objective on Pinterest and gave the company a “neutral” rating in a research note on Monday, April 27th. Royal Bank Of Canada boosted their price objective on shares of Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Robert W. Baird upped their price objective on shares of Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Morgan Stanley raised their target price on shares of Pinterest from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Benchmark dropped their target price on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.40.

Get Our Latest Stock Report on Pinterest

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PINS. Snowden Capital Advisors LLC increased its position in Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after acquiring an additional 296 shares during the period. EP Wealth Advisors LLC boosted its holdings in Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after purchasing an additional 358 shares during the period. Central Pacific Bank Trust Division grew its position in Pinterest by 0.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 464 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Pinterest by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after purchasing an additional 535 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in shares of Pinterest by 2.2% during the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock worth $684,000 after purchasing an additional 560 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Company Profile

(Get Free Report)

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.

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