Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Gokul Rajaram sold 1,050 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $23.03, for a total value of $24,181.50. Following the sale, the director owned 37,246 shares of the company’s stock, valued at $857,775.38. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Gokul Rajaram also recently made the following trade(s):
- On Wednesday, May 27th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The shares were sold at an average price of $20.00, for a total value of $21,000.00.
Pinterest Price Performance
Shares of PINS opened at $23.34 on Friday. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 68.65, a P/E/G ratio of 1.24 and a beta of 0.90. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $38.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. The business’s 50-day moving average is $22.54 and its 200-day moving average is $20.41.
Institutional Trading of Pinterest
Several large investors have recently added to or reduced their stakes in PINS. Elevated Capital Advisors LLC bought a new position in shares of Pinterest during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Pinterest by 2,017.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after purchasing an additional 1,049 shares in the last quarter. Addison Advisors LLC boosted its holdings in Pinterest by 727.3% in the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after purchasing an additional 1,200 shares in the last quarter. Garner Asset Management Corp acquired a new position in Pinterest during the fourth quarter worth $36,000. Finally, MidFirst Bank acquired a new position in Pinterest during the fourth quarter worth $44,000. 88.81% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Susquehanna reissued a “positive” rating on shares of Pinterest in a research note on Wednesday, August 5th. DA Davidson upped their price target on shares of Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price objective on Pinterest from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and set a $28.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Finally, BMO Capital Markets boosted their target price on Pinterest from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.90.
Read Our Latest Stock Report on Pinterest
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.
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