Donnelly Julia Brau Sells 29,605 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS - Get Free Report) CFO Donnelly Julia Brau sold 29,605 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $33.95, for a total value of $1,005,089.75. Following the sale, the chief financial officer now directly owns 166,408 shares of the company's stock, valued at approximately $5,649,551.60. This represents a 15.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Donnelly Julia Brau also recently made the following trade(s):

• On Friday, March 7th, Donnelly Julia Brau sold 38,596 shares of Pinterest stock. The stock was sold at an average price of $34.27, for a total transaction of $1,322,684.92.

Pinterest Stock Performance

NYSE PINS traded down $0.67 during mid-day trading on Friday, reaching $31.57. 2,730,820 shares of the stock were exchanged, compared to its average volume of 12,072,213. The stock has a market capitalization of $21.41 billion, a PE ratio of 11.73, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The business's fifty day simple moving average is $34.64 and its 200 day simple moving average is $32.35.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates 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 anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

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Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Pinterest from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Wedbush upped their price objective on Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Jefferies Financial Group reiterated a "hold" rating and issued a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Barclays boosted their target price on shares of Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities increased their price target on shares of Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PINS. 111 Capital acquired a new stake in shares of Pinterest in the fourth quarter worth approximately $301,000. Wealth Enhancement Advisory Services LLC raised its stake in Pinterest by 134.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 92,649 shares of the company's stock worth $2,687,000 after purchasing an additional 53,081 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Pinterest in the 4th quarter valued at $5,608,000. Probity Advisors Inc. grew its stake in shares of Pinterest by 86.1% during the 4th quarter. Probity Advisors Inc. now owns 12,138 shares of the company's stock valued at $352,000 after buying an additional 5,614 shares during the period. Finally, Siemens Fonds Invest GmbH increased its holdings in shares of Pinterest by 679.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 48,408 shares of the company's stock worth $1,404,000 after buying an additional 42,197 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Company Profile

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.