Insider Selling: Pinterest, Inc. (NYSE:PINS) CAO Sells 5,976 Shares of Stock

Pinterest, Inc. (NYSE:PINS) CAO Tseli Lily Yang sold 5,976 shares of Pinterest stock in a transaction on Tuesday, September 21st. The shares were sold at an average price of $51.84, for a total transaction of $309,795.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tseli Lily Yang also recently made the following trade(s):

  • On Monday, August 23rd, Tseli Lily Yang sold 2,823 shares of Pinterest stock. The shares were sold at an average price of $54.43, for a total transaction of $153,655.89.

Shares of NYSE PINS traded down $0.16 on Thursday, hitting $54.02. The company’s stock had a trading volume of 5,394,176 shares, compared to its average volume of 11,938,481. Pinterest, Inc. has a 12-month low of $38.06 and a 12-month high of $89.90. The company has a market capitalization of $34.82 billion, a price-to-earnings ratio of 257.24 and a beta of 1.22. The stock has a 50 day moving average of $59.44 and a 200-day moving average of $66.75.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, July 29th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.36. The company had revenue of $613.21 million for the quarter, compared to the consensus estimate of $560.93 million. Pinterest had a net margin of 7.18% and a return on equity of 12.09%. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.25 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. KeyCorp lowered their target price on shares of Pinterest from $89.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, July 30th. Susquehanna Bancshares lowered their target price on shares of Pinterest from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, July 30th. Zacks Investment Research downgraded shares of Pinterest from a “buy” rating to a “hold” rating and set a $83.00 target price on the stock. in a report on Tuesday, June 29th. The Goldman Sachs Group assumed coverage on shares of Pinterest in a report on Monday, September 13th. They issued a “neutral” rating and a $57.00 target price on the stock. Finally, Morgan Stanley lowered their target price on shares of Pinterest from $83.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, July 30th. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $76.40.

Large investors have recently bought and sold shares of the company. Eudaimonia Partners LLC acquired a new position in shares of Pinterest in the first quarter valued at approximately $25,000. Clearstead Advisors LLC raised its position in shares of Pinterest by 412.9% in the first quarter. Clearstead Advisors LLC now owns 359 shares of the company’s stock valued at $27,000 after buying an additional 289 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in shares of Pinterest by 350.6% in the second quarter. TCI Wealth Advisors Inc. now owns 392 shares of the company’s stock valued at $31,000 after buying an additional 305 shares during the last quarter. Bollard Group LLC acquired a new position in shares of Pinterest in the second quarter valued at approximately $32,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Pinterest by 159.5% in the first quarter. Parkside Financial Bank & Trust now owns 436 shares of the company’s stock valued at $32,000 after buying an additional 268 shares during the last quarter. 64.27% of the stock is owned by institutional investors and hedge funds.

Pinterest Company Profile

Pinterest, Inc engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.

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Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

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