Insider Selling: Pinterest (NYSE:PINS) Director Sells $1,096,875.00 in Stock

Pinterest, Inc. (NYSE:PINSGet Free Report) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $23.40, for a total value of $1,096,875.00. The transaction was disclosed in a legal filing 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, 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 value of $1,005,468.75.
  • On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.99, for a total value of $937,031.25.
  • On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.15, for a total value of $991,406.25.
  • On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.78, for a total value of $1,020,937.50.
  • On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Price Performance

PINS stock opened at $23.34 on Friday. The firm has a 50 day moving average of $22.54 and a 200-day moving average of $20.41. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $38.57. The firm has a market capitalization of $13.07 billion, a P/E ratio of 68.65, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90.

Pinterest (NYSE:PINSGet Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on PINS. DA Davidson boosted their target price on Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. TD Cowen reiterated a “buy” rating on shares of Pinterest in a research report on Monday, June 22nd. Rosenblatt Securities boosted their price objective on Pinterest from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Mizuho upped their price objective on shares of Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 price objective on shares of Pinterest in a research report on Wednesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.90.

View Our Latest Stock Analysis on Pinterest

Hedge Funds Weigh In On Pinterest

Hedge funds and other institutional investors have recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new stake in Pinterest in the 4th quarter worth approximately $252,000. Integrated Wealth Concepts LLC grew its position in Pinterest by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after acquiring an additional 607 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Pinterest by 45.6% during the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after acquiring an additional 4,748 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Pinterest by 39.5% during the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Pinterest during the second quarter worth approximately $696,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

About Pinterest

(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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