Pinterest, Inc. (NYSE:PINS – Get Free Report) insider Claude Leonard Brown sold 12,240 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $20.00, for a total transaction of $244,800.00. Following the completion of the transaction, the insider owned 1,130,768 shares in the company, valued at $22,615,360. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Claude Leonard Brown also recently made the following trade(s):
- On Tuesday, August 11th, Claude Leonard Brown sold 12,240 shares of Pinterest stock. The stock was sold at an average price of $23.88, for a total value of $292,291.20.
Pinterest Trading Up 1.0%
Shares of PINS stock opened at $20.51 on Friday. The firm has a market capitalization of $11.49 billion, a P/E ratio of 60.33, a price-to-earnings-growth ratio of 1.33 and a beta of 0.90. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $35.42. The firm’s fifty day simple moving average is $21.21 and its 200 day simple moving average is $20.80. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34.
Analyst Upgrades and Downgrades
PINS has been the subject of a number of recent research reports. Citigroup upped their target price on Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. DA Davidson upped their target price on shares of Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, UBS Group raised their price target on shares of Pinterest from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.90.
Get Our Latest Stock Analysis on Pinterest
Key Headlines Impacting Pinterest
Here are the key news stories impacting Pinterest this week:
- Positive Sentiment: Pinterest’s collaboration with Wayfair UK could support shopping engagement and advertising activity by combining Pinterest’s visual discovery platform with Wayfair’s home-furnishings marketplace. Wayfair UK and Pinterest collaborate on creative campaign
- Positive Sentiment: The company launched Beauty Guides, an AI feature that turns saved hairstyle and nail ideas into salon-ready plans and scripts. The tool may increase user engagement and create additional commerce opportunities, although its direct financial impact remains uncertain. Pinterest AI tells users what to ask their stylist
- Positive Sentiment: Pinterest appointed James Dibbo, an Amazon finance executive, as chief financial officer effective October 26. His experience could strengthen financial planning, investor relations and corporate-development efforts. Pinterest hires Amazon executive as new finance chief
- Neutral Sentiment: Analyst sentiment remains divided, with 18 Buy ratings and 19 Hold ratings and an average target of $27.90. The consensus “Hold” rating limits the strength of the bullish signal, despite targets being above the recent trading level. Pinterest receives average Hold recommendation
- Negative Sentiment: Insiders reported several sales near $20 per share, including Director Benjamin Silbermann’s sale of 46,875 shares for approximately $922,000, plus smaller sales by Gokul Rajaram and Claude Leonard Brown. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance, but the cluster may weigh on sentiment. Pinterest insider selling
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its position in shares of 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 purchasing an additional 1,049 shares in the last quarter. MidFirst Bank acquired a new position in Pinterest in the fourth quarter valued at about $44,000. Summit Securities Group LLC acquired a new position in Pinterest in the first quarter valued at about $43,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Pinterest during the fourth quarter worth about $85,000. Finally, Bessemer Group Inc. grew its stake in Pinterest by 445.1% during the first quarter. Bessemer Group Inc. now owns 3,712 shares of the company’s stock worth $68,000 after buying an additional 3,031 shares during the last quarter. 88.81% of the stock is owned by institutional investors.
Pinterest Company Profile
Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.
Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.
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