Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $19.50, for a total transaction of $914,062.50. The transaction 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.
Benjamin Silbermann also recently made the following trade(s):
- 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 shares were 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 shares were 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.
- On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.40, for a total transaction 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 stock was 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 shares were sold at an average price of $21.45, for a total value of $1,005,468.75.
Pinterest Trading Up 0.4%
Shares of NYSE PINS traded up $0.07 during mid-day trading on Wednesday, reaching $18.46. 14,738,650 shares of the company’s stock were exchanged, compared to its average volume of 17,025,926. The company’s 50-day moving average is $22.16 and its 200-day moving average is $20.78. 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 firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 54.29, a PEG ratio of 1.27 and a beta of 0.90. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $35.42.
Analyst Ratings Changes
A number of research firms have recently issued reports on PINS. Jefferies Financial Group raised shares of Pinterest from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. Guggenheim lifted their price objective on Pinterest from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Robert W. Baird boosted their price objective on Pinterest from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Wedbush reissued a “neutral” rating and set a $24.00 target price on shares of Pinterest in a research note on Wednesday, August 5th. Finally, TD Cowen restated a “buy” rating on shares of Pinterest in a report on Monday, June 22nd. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.90.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its stake in Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after acquiring an additional 1,049 shares in the last quarter. MidFirst Bank acquired a new stake in shares of Pinterest during the fourth quarter worth about $44,000. Summit Securities Group LLC purchased a new stake in shares of Pinterest in the 1st quarter valued at about $43,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Pinterest in the 4th quarter valued at about $85,000. Finally, Bessemer Group Inc. boosted its position in shares of Pinterest by 445.1% in the 1st quarter. Bessemer Group Inc. now owns 3,712 shares of the company’s stock valued at $68,000 after purchasing an additional 3,031 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.
About Pinterest
Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.
The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.
Further Reading
- Five stocks we like better than Pinterest
- Chips to Bots: Qualcomm’s Agentic AI Breakout
- Ciena Fell 40%—Now One Analyst Sees 50% Upside
- Energy Transfer Taps the AI Power Boom
- Viking’s Obesity Edge May Be Staying Power, Not Weight Loss
Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.
