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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $23.40, for a total transaction of $1,096,875.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 stock was 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.
• 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 shares were 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 stock was sold at an average price of $21.15, for a total transaction of $991,406.25.
• On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.78, for a total transaction of $1,020,937.50.
• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Price Performance

Shares of NYSE:PINS traded up $0.32 during trading on Wednesday, reaching $23.38. 7,604,984 shares of the company’s stock traded hands, compared to its average volume of 11,705,624. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The firm has a market cap of $13.10 billion, a PE ratio of 68.76, a P/E/G ratio of 1.24 and a beta of 0.90. The company has a 50-day simple moving average of $22.44 and a 200-day simple moving average of $20.38. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $38.57.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $0.33 EPS. Pinterest’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, analysts predict that Pinterest, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PINS. Rosenblatt Securities upped their price objective on Pinterest from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Rothschild & Co Redburn set a $23.00 price target on shares of Pinterest and gave the company a “neutral” rating in a research report on Monday, April 27th. Weiss Ratings upgraded Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Mizuho upped their price target 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, TD Cowen restated a “buy” rating on shares of Pinterest in a research note on Monday, June 22nd. Seventeen investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.90.

Hedge Funds Weigh In On Pinterest

Institutional investors have recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new position in shares of Pinterest during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Pinterest by 2,017.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after acquiring an additional 1,049 shares during the period. Addison Advisors LLC grew its position in Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after purchasing an additional 1,200 shares during the last quarter. Garner Asset Management Corp acquired a new stake in Pinterest during the fourth quarter worth $36,000. Finally, Summit Securities Group LLC bought a new stake in Pinterest during the first quarter worth about $43,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

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.