Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $18.33, for a total value of $859,218.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.50, for a total value of $914,062.50.
- On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.22, for a total value 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 value of $940,781.25.
- On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The stock was sold at an average price of $21.43, for a total value 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 value 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 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 transaction 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 transaction of $1,056,562.50.
- On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.63, for a total transaction of $1,060,781.25.
Pinterest Price Performance
Pinterest stock traded up $0.42 during trading hours on Wednesday, hitting $18.96. 16,108,403 shares of the company traded hands, compared to its average volume of 16,865,691. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $35.42. The firm has a market cap of $10.62 billion, a P/E ratio of 55.77, a P/E/G ratio of 1.21 and a beta of 0.90. The firm’s 50-day simple moving average is $21.71 and its two-hundred day simple moving average is $20.74. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Pinterest during the fourth quarter valued at approximately $357,945,000. Victory Capital Management Inc. boosted its stake in Pinterest by 30.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock worth $694,082,000 after purchasing an additional 6,258,628 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Pinterest by 271.1% in the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock valued at $109,831,000 after purchasing an additional 4,375,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Pinterest by 57.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,612,769 shares of the company’s stock worth $93,535,000 after buying an additional 1,318,092 shares during the period. Finally, Amundi boosted its position in shares of Pinterest by 38.3% in the first quarter. Amundi now owns 3,200,829 shares of the company’s stock worth $58,703,000 after buying an additional 885,927 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $24.00 price target on shares of Pinterest in a research note on Wednesday, August 5th. UBS Group upped their price objective on Pinterest from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised their target price on Pinterest from $23.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Morgan Stanley lifted their target price on Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Citigroup boosted their price target on shares of Pinterest from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.90.
Get Our Latest Research Report on PINS
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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