Insider Selling: Pinterest (NYSE:PINS) Director Sells $1,119,375.00 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $23.88, for a total transaction of $1,119,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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, 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 transaction 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 transaction of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.45, for a total transaction 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 transaction 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 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 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 value of $960,937.50.

Pinterest Stock Up 3.1%

Pinterest stock opened at $24.05 on Friday. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $38.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The company has a market capitalization of $13.47 billion, a P/E ratio of 70.74, a PEG ratio of 1.25 and a beta of 0.90. The stock has a 50-day simple moving average of $22.36 and a 200-day simple moving average of $20.41.

Pinterest (NYSE:PINS) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Equities research analysts expect that Pinterest, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

PINS has been the topic of a number of research reports. Barclays raised their target price on shares of Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley increased their price target on shares of Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Benchmark lowered their price objective on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $28.00 price objective on shares of Pinterest in a research note on Tuesday, May 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, Pinterest has an average rating of “Hold” and a consensus target price of $27.90.

Institutional Investors Weigh In On Pinterest

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Pinterest in the 4th quarter valued at $357,945,000. State Street Corp raised its position in Pinterest by 52.6% during the 4th quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after buying an additional 7,412,213 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of 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 acquiring an additional 6,258,628 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Pinterest by 271.1% in the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock worth $109,831,000 after acquiring an additional 4,375,000 shares during the period. Finally, Davis Selected Advisers boosted its holdings in shares of Pinterest by 49.5% in the fourth quarter. Davis Selected Advisers now owns 11,801,983 shares of the company’s stock valued at $305,554,000 after acquiring an additional 3,909,926 shares in the last quarter. Hedge funds and other 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.