Insider Selling: Pinterest, Inc. (NYSE:PINS) Director Sells 102,083 Shares of Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $33.71, for a total transaction of $3,441,217.93. Following the sale, the director now directly owns 6,274 shares of the company’s stock, valued at $211,496.54. The trade was a 94.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction of $3,180,906.28.

Pinterest Stock Down 1.9 %

NYSE:PINS traded down $0.62 during mid-day trading on Thursday, hitting $32.29. 5,571,516 shares of the company traded hands, compared to its average volume of 9,864,591. The stock’s fifty day moving average price is $34.60 and its 200-day moving average price is $32.35. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Equities analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Cantor Fitzgerald boosted their price target on Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Wells Fargo & Company raised their price objective on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. 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 report on Friday, February 7th. Rosenblatt Securities boosted their price objective on shares of Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.33.

Hedge Funds Weigh In On Pinterest

A number of hedge funds have recently made changes to their positions in PINS. Whipplewood Advisors LLC purchased a new position in Pinterest during the 4th quarter valued at approximately $28,000. GAMMA Investing LLC increased its position in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in Pinterest by 401.3% during the 4th 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 during the period. True Wealth Design LLC lifted its position in Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after buying an additional 1,487 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after acquiring an additional 590 shares during the last quarter. Institutional investors 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.