Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann Sells 102,083 Shares

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.27, for a total transaction of $3,192,135.41. Following the transaction, the director now directly owns 6,274 shares in the company, valued at approximately $196,187.98. This represents a 94.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Benjamin Silbermann also recently made the following trade(s):

• On Wednesday, March 26th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $33.71, for a total value of $3,441,217.93.
• On Wednesday, March 19th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $31.16, for a total value of $3,180,906.28.

Pinterest Stock Performance

Shares of PINS stock traded down $0.32 during midday trading on Tuesday, hitting $25.08. 6,763,169 shares of the company were exchanged, compared to its average volume of 10,276,782. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The firm has a market capitalization of $17.01 billion, a P/E ratio of 9.28, a PEG ratio of 1.95 and a beta of 0.99. The firm's 50 day moving average price is $34.23 and its two-hundred day moving average price is $32.38.

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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 analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PINS shares. Royal Bank of Canada lifted their price target on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Roth Capital set a $32.00 price objective on shares of Pinterest in a research report on Monday, February 3rd. Guggenheim reissued a "buy" rating on shares of Pinterest in a research note on Tuesday, April 1st. Rosenblatt Securities upped their price objective on Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Sanford C. Bernstein raised Pinterest from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $34.00 to $47.00 in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $43.07.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently modified their holdings of the business. Whipplewood Advisors LLC bought a new position in Pinterest during the fourth quarter worth about $28,000. GAMMA Investing LLC increased its holdings in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after purchasing an additional 415 shares during the period. Strategic Investment Solutions Inc. IL raised its position in shares of Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after buying an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC boosted 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 buying an additional 590 shares during the period. Finally, Huntington National Bank boosted its stake in shares of Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after buying an additional 1,680 shares during the period. Institutional investors 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.