Pinterest, Inc. (NYSE:PINS) Director Sells $3,180,906.28 in Stock

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total value of $3,180,906.28. Following the transaction, the director now owns 6,274 shares of the company's stock, valued at approximately $195,497.84. The trade was a 94.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Pinterest Stock Up 5.0 %

Shares of PINS traded up $1.63 during mid-day trading on Monday, hitting $34.05. 11,455,772 shares of the company traded hands, compared to its average volume of 9,908,374. The company has a market capitalization of $23.09 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The business has a 50 day moving average of $34.39 and a 200 day moving average of $32.29. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (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%. As a group, research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PINS shares. Monness Crespi & Hardt upgraded Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price target for the company in a report on Friday, January 10th. Roth Capital set a $32.00 target price on shares of Pinterest in a research report on Monday, February 3rd. Guggenheim upgraded Pinterest from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $39.00 to $40.00 in a research report on Monday. Rosenblatt Securities upped their price objective on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada lifted their target price on Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.33.

Institutional Trading of Pinterest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC acquired a new position in shares of Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC boosted its holdings in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares during the last quarter. Crewe Advisors LLC increased its stake in Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock worth $37,000 after buying an additional 550 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after acquiring an additional 1,204 shares during the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock valued at $49,000 after acquiring an additional 1,487 shares in the last quarter. Institutional investors and hedge funds 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.