ExodusPoint Capital Management LP Purchases New Stake in Pinterest, Inc. (NYSE:PINS)

ExodusPoint Capital Management LP purchased a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 98,054 shares of the company's stock, valued at approximately $2,844,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Whipplewood Advisors LLC purchased a new position in Pinterest in the fourth quarter valued at about $28,000. GAMMA Investing LLC grew its holdings in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares during the period. V Square Quantitative Management LLC increased its stake in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after purchasing an additional 590 shares in the last quarter. Huntington National Bank raised its holdings in Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in Pinterest by 17,692.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock worth $67,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the transaction, the director now directly owns 30,236 shares of the company's stock, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 453,836 shares of company stock valued at $14,832,336 over the last quarter. Company insiders own 7.11% of the company's stock.

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Pinterest Price Performance

NYSE PINS traded up $0.12 during mid-day trading on Friday, hitting $26.35. The company's stock had a trading volume of 9,048,658 shares, compared to its average volume of 10,421,439. The firm has a market capitalization of $17.87 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19. The stock's fifty day simple moving average is $33.42 and its two-hundred day simple moving average is $32.16.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PINS. Cantor Fitzgerald raised their price target on Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. KeyCorp cut their target price on shares of Pinterest from $41.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday. Roth Capital set a $32.00 price target on shares of Pinterest in a research report on Monday, February 3rd. TD Cowen cut their price objective on Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Sanford C. Bernstein upgraded Pinterest from a "market perform" rating to an "outperform" rating and increased their target price for the company from $34.00 to $47.00 in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Pinterest has an average rating of "Moderate Buy" and a consensus target price of $42.23.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.