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

Pinterest logo with Computer and Technology background

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the sale, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • 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.
  • On Wednesday, November 20th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $29.73, for a total value of $34,189.50.

Pinterest Stock Performance

Shares of NYSE:PINS traded down $0.25 on Thursday, hitting $30.39. The stock had a trading volume of 6,911,772 shares, compared to its average volume of 9,640,376. The firm's 50 day moving average price is $30.46 and its 200-day moving average price is $32.58. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of 101.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PINS. JPMorgan Chase & Co. decreased their price objective on shares of Pinterest from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $48.00 price target on shares of Pinterest in a research report on Tuesday, December 10th. Piper Sandler cut Pinterest from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $41.00 to $36.00 in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft started coverage on Pinterest in a report on Monday, September 23rd. They issued a "buy" rating and a $43.00 target price on the stock. Finally, Rosenblatt Securities reduced their price objective on Pinterest from $48.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.86.

View Our Latest Report on PINS

Hedge Funds Weigh In On Pinterest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of Pinterest during the third quarter worth approximately $153,829,000. Southpoint Capital Advisors LP acquired a new stake in Pinterest during the 3rd quarter valued at $123,006,000. Ontario Teachers Pension Plan Board increased its holdings in Pinterest by 51.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company's stock valued at $285,248,000 after purchasing an additional 2,996,750 shares in the last quarter. 1832 Asset Management L.P. bought a new position in Pinterest in the 2nd quarter valued at $98,655,000. Finally, Nordea Investment Management AB boosted its stake in Pinterest by 122.1% in the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock worth $111,515,000 after purchasing an additional 2,093,248 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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