Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram Sells 1,150 Shares

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now directly owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Gokul Rajaram also recently made the following trade(s):

• On Wednesday, January 15th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $30.43, for a total value of $34,994.50.
• On Wednesday, December 18th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The stock was sold at an average price of $30.98, for a total value of $35,627.00.

Pinterest Stock Down 4.8 %

Shares of PINS traded down $1.89 during mid-day trading on Friday, reaching $37.68. The company's stock had a trading volume of 9,072,731 shares, compared to its average volume of 12,236,103. The business has a fifty day moving average of $32.78 and a 200 day moving average of $31.78. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The company has a market cap of $25.55 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06.

Pinterest (NYSE:PINS - Get Free Report) last announced 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, analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Benchmark raised Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a report on Friday, February 7th. Guggenheim upped their price target on shares of Pinterest from $33.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Stifel Nicolaus reissued a "buy" rating and issued a $50.00 price objective (up previously from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Jefferies Financial Group reiterated a "hold" rating and set a $32.00 price target (down previously from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Finally, UBS Group decreased their price objective on Pinterest from $52.00 to $46.00 and set a "buy" rating for the company in a report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.86.

Institutional Investors Weigh In On Pinterest

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Forum Financial Management LP raised its position in shares of Pinterest by 69.2% in the 4th quarter. Forum Financial Management LP now owns 14,854 shares of the company's stock valued at $431,000 after acquiring an additional 6,074 shares during the period. Toronto Dominion Bank boosted its position in shares of Pinterest by 4.4% during the fourth quarter. Toronto Dominion Bank now owns 81,252 shares of the company's stock worth $2,356,000 after buying an additional 3,410 shares during the period. Cache Advisors LLC bought a new stake in Pinterest in the 4th quarter valued at approximately $261,000. GTS Securities LLC boosted its holdings in Pinterest by 120.8% during the fourth quarter. GTS Securities LLC now owns 9,797 shares of the company's stock worth $284,000 after purchasing an additional 56,797 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Pinterest during the 4th quarter worth about $103,000. Institutional investors own 88.81% of the company's stock.

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.