Pinterest, Inc. (NYSE:PINS) Director Jeffrey D. Jordan Sells 10,338 Shares


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Pinterest, Inc. (NYSE:PINS) Director Jeffrey D. Jordan sold 10,338 shares of Pinterest stock in a transaction on Tuesday, December 29th. The shares were sold at an average price of $67.94, for a total value of $702,363.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jeffrey D. Jordan also recently made the following trade(s):

  • On Tuesday, December 8th, Jeffrey D. Jordan sold 18,594 shares of Pinterest stock. The stock was sold at an average price of $70.25, for a total value of $1,306,228.50.
  • On Tuesday, November 17th, Jeffrey D. Jordan sold 18,594 shares of Pinterest stock. The stock was sold at an average price of $62.47, for a total value of $1,161,567.18.

NYSE:PINS opened at $65.90 on Friday. The firm’s fifty day moving average price is $68.22 and its 200 day moving average price is $44.48. Pinterest, Inc. has a 1-year low of $10.10 and a 1-year high of $75.44. The firm has a market cap of $40.73 billion, a price-to-earnings ratio of -92.82 and a beta of 1.72.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.26. Pinterest had a negative net margin of 32.88% and a negative return on equity of 20.50%. The firm had revenue of $442.62 million for the quarter, compared to analyst estimates of $398.71 million. As a group, equities research analysts anticipate that Pinterest, Inc. will post -0.53 earnings per share for the current year.

A number of large investors have recently bought and sold shares of PINS. Vanguard Group Inc. grew its position in Pinterest by 30.3% in the 2nd quarter. Vanguard Group Inc. now owns 32,134,965 shares of the company’s stock valued at $712,432,000 after buying an additional 7,469,357 shares during the last quarter. BlackRock Inc. grew its position in Pinterest by 41.5% in the 3rd quarter. BlackRock Inc. now owns 23,692,528 shares of the company’s stock valued at $983,478,000 after buying an additional 6,954,136 shares during the last quarter. Holocene Advisors LP purchased a new position in Pinterest in the 2nd quarter valued at $88,499,000. Third Point LLC acquired a new stake in Pinterest in the third quarter valued at $148,502,000. Finally, Lord Abbett & CO. LLC acquired a new stake in Pinterest in the third quarter valued at $134,689,000. Hedge funds and other institutional investors own 54.51% of the company’s stock.

Several equities research analysts have weighed in on PINS shares. Guggenheim started coverage on Pinterest in a report on Monday, September 28th. They set a “buy” rating and a $48.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Pinterest from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Loop Capital upped their price objective on Pinterest from $44.00 to $80.00 in a research report on Thursday, November 19th. Pivotal Research upped their price objective on Pinterest from $44.50 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, October 29th. Finally, UBS Group upped their price target on Pinterest from $57.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $58.29.

About Pinterest

Pinterest, Inc provides visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, home and style ideas, travel destinations, and others. It shows them visual recommendations based on people personal taste and interests.

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

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