Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Benjamin Silbermann sold 93,750 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.53, for a total value of $1,102,968.75.
- On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.40, for a total value of $1,096,875.00.
- 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 shares were 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 stock was 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 stock was sold at an average price of $21.45, for a total transaction 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 stock was 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.
Pinterest Stock Performance
Pinterest stock opened at $21.23 on Thursday. The firm’s fifty day moving average price is $22.90 and its 200-day moving average price is $20.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The stock has a market cap of $11.89 billion, a P/E ratio of 62.44, a price-to-earnings-growth ratio of 1.39 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.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on Pinterest from $23.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Robert W. Baird increased their price target on shares of Pinterest from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley lifted their price target on shares of Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Pinterest from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.90.
View Our Latest Stock Report on Pinterest
Hedge Funds Weigh In On Pinterest
Several institutional investors and hedge funds have recently bought and sold shares of PINS. Snowden Capital Advisors LLC boosted its stake in shares of Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after purchasing an additional 296 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Pinterest by 3.9% in the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares during the period. CIBC Asset Management Inc increased its stake in shares of Pinterest by 2.2% in the fourth quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock worth $684,000 after buying an additional 560 shares during the period. Coyle Financial Counsel LLC raised its holdings in Pinterest by 5.9% during the 4th quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company’s stock valued at $274,000 after buying an additional 587 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted 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 valued at $339,000 after buying an additional 607 shares during the period. 88.81% of the stock is currently owned by institutional investors.
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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