Pinterest, Inc. (NYSE:PINS) is Northern Right Capital Management L.P.'s 7th Largest Position

Northern Right Capital Management L.P. increased its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 83.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 571,090 shares of the company's stock after purchasing an additional 260,000 shares during the quarter. Pinterest makes up 6.1% of Northern Right Capital Management L.P.'s investment portfolio, making the stock its 7th largest holding. Northern Right Capital Management L.P. owned about 0.08% of Pinterest worth $16,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Two Sigma Securities LLC lifted its position in shares of Pinterest by 31.4% in the fourth quarter. Two Sigma Securities LLC now owns 13,536 shares of the company's stock worth $393,000 after purchasing an additional 3,236 shares in the last quarter. Nebula Research & Development LLC bought a new stake in Pinterest during the fourth quarter valued at about $3,839,000. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Pinterest by 22.4% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 302,248 shares of the company's stock valued at $8,798,000 after buying an additional 55,301 shares during the last quarter. RiverPark Advisors LLC grew its stake in shares of Pinterest by 20.3% in the fourth quarter. RiverPark Advisors LLC now owns 43,346 shares of the company's stock worth $1,257,000 after acquiring an additional 7,310 shares during the last quarter. Finally, Freshford Capital Management LLC bought a new position in shares of Pinterest during the 4th quarter worth about $14,569,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.85, for a total value of $219,766.50. Following the sale, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 453,836 shares of company stock valued at $14,828,392 over the last quarter. 7.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PINS has been the subject of a number of recent research reports. Cantor Fitzgerald increased their price objective on shares of Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Piper Sandler cut their price target on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. UBS Group cut their target price on Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Morgan Stanley lowered their price target on Pinterest from $42.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, KeyCorp cut their price objective on Pinterest from $41.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. 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 company presently has an average rating of "Moderate Buy" and an average price target of $41.10.

Pinterest Stock Performance

Shares of PINS stock opened at $26.05 on Friday. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The company's 50-day moving average is $30.87 and its 200 day moving average is $31.66.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly 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 net margin of 51.07% and a return on equity of 8.10%. As a group, research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.

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