Insider Selling: Pinterest (NYSE:PINS) Director Sells $1,102,968.75 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $23.53, for a total value of $1,102,968.75. The sale was disclosed in a document filed with the SEC, which is available 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, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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 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 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 Stock Performance

Pinterest stock traded down $0.37 during midday trading on Wednesday, reaching $23.29. 10,389,930 shares of the company’s stock were exchanged, compared to its average volume of 17,175,129. The stock’s 50-day simple moving average is $22.63 and its 200 day simple moving average is $20.45. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 68.50, a P/E/G ratio of 1.26 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $38.57.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts expect that Pinterest, Inc. will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake 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 in the last quarter. Addison Advisors LLC raised its position in shares of Pinterest by 727.3% in the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares in the last quarter. Garner Asset Management Corp bought a new stake in shares of Pinterest in the fourth quarter valued at approximately $36,000. Summit Securities Group LLC acquired a new stake in Pinterest during the first quarter worth approximately $43,000. Finally, MidFirst Bank acquired a new stake in Pinterest during the fourth quarter worth approximately $44,000. Institutional investors own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PINS. Evercore upped their price objective on shares of Pinterest from $27.00 to $29.00 and gave the company an “in-line” rating in a report on Wednesday, August 5th. DA Davidson lifted their target price on shares of Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Oppenheimer upped their price target on shares of Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Stifel Nicolaus increased their price target on shares of Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Mizuho raised 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. Seventeen research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.90.

About Pinterest

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.