Katamaran Capital LLP Purchases New Position in Pinterest, Inc. (NYSE:PINS)

Katamaran Capital LLP acquired a new position in Pinterest, Inc. (NYSE:PINS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,224 shares of the company's stock, valued at approximately $1,079,000. Pinterest makes up approximately 1.4% of Katamaran Capital LLP's holdings, making the stock its 22nd largest position.

A number of other large investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC bought a new position in shares of Pinterest during the 4th quarter valued at approximately $28,000. GAMMA Investing LLC increased its position in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after acquiring an additional 415 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after acquiring an additional 590 shares during the period. Huntington National Bank lifted its holdings in shares of Pinterest by 484.1% in the 4th quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of Pinterest by 17,692.3% during the 4th 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 during the period. 88.81% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PINS. Cantor Fitzgerald increased their price objective on shares of Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Bank of America reduced their price target on Pinterest from $46.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday. TD Cowen dropped their price objective on Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday. Wedbush increased their target price on Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $34.00 to $47.00 in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.45.

Pinterest Trading Down 6.8 %

Shares of PINS stock traded down $1.92 during trading hours on Thursday, reaching $26.22. 7,120,589 shares of the company's stock were exchanged, compared to its average volume of 10,385,648. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $45.19. The stock has a market cap of $17.78 billion, a PE ratio of 9.76, a PEG ratio of 1.95 and a beta of 0.99. The stock's fifty day moving average price is $33.70 and its two-hundred day moving average price is $32.24.

Pinterest (NYSE:PINS - Get Free Report) last released 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 return on equity of 8.10% and a net margin of 51.07%. On average, equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.27, for a total value of $3,192,135.41. Following the sale, the director now directly owns 6,274 shares of the company's stock, valued at $196,187.98. This represents a 94.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was 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. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 453,836 shares of company stock worth $14,832,336 in the last 90 days. Insiders own 7.11% 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.