Pinterest (NYSE:PINS) Insider Wanjiku Juanita Walcott Sells 14,208 Shares of Stock

Pinterest, Inc. (NYSE:PINS – Get Free Report) insider Wanjiku Juanita Walcott sold 14,208 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total value of $279,187.20. Following the transaction, the insider owned 691,840 shares of the company’s stock, valued at approximately $13,594,656. The trade was a 2.01% decrease in their ownership of the stock. The transaction 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.

Wanjiku Juanita Walcott also recently made the following trade(s):

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• On Friday, May 29th, Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock. The shares were sold at an average price of $20.46, for a total value of $559,315.02.

Pinterest Price Performance

Shares of PINS stock traded down $0.38 during trading on Thursday, hitting $19.48. The company had a trading volume of 14,008,304 shares, compared to its average volume of 19,309,492. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average is $20.34 and its two-hundred day moving average is $21.27.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Mizuho increased their price objective on Pinterest from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Barclays upped their target price on Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Benchmark reduced their price target on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Stifel Nicolaus boosted their price objective on shares of Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Evercore set a $27.00 price objective on shares of Pinterest in a research note on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Pinterest currently has an average rating of “Hold” and a consensus price target of $27.40.

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Revolve Wealth Partners LLC purchased a new stake in Pinterest during the 4th quarter valued at about $252,000. Integrated Wealth Concepts LLC grew its position in Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after acquiring an additional 607 shares during the last quarter. Empowered Funds LLC increased its stake in Pinterest by 45.6% in the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after purchasing an additional 4,748 shares during the period. Sivia Capital Partners LLC lifted its position in 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 last quarter. Finally, Jump Financial LLC bought a new stake in Pinterest in the second quarter valued at approximately $696,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

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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