Insider Selling: Pinterest (NYSE:PINS) Director Sells $1,020,937.50 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $21.78, for a total value of $1,020,937.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $20.50, for a total value of $960,937.50.

Pinterest Price Performance

Pinterest stock opened at $20.28 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The company has a market capitalization of $11.36 billion, a PE ratio of 42.25, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The business has a 50 day simple moving average of $19.98 and a 200 day simple moving average of $21.63.

Pinterest (NYSE:PINS) last posted its earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.Pinterest’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its stake in shares of Pinterest by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,036,157 shares of the company’s stock worth $33,333,000 after purchasing an additional 241,527 shares during the period. Yousif Capital Management LLC grew its stake in shares of Pinterest by 2,298.3% during the fourth quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock worth $4,701,000 after purchasing an additional 177,449 shares during the period. Wesbanco Bank Inc. acquired a new stake in shares of Pinterest during the third quarter worth $2,280,000. Korea Investment CORP grew its stake in shares of Pinterest by 82.7% during the third quarter. Korea Investment CORP now owns 703,483 shares of the company’s stock worth $22,631,000 after purchasing an additional 318,351 shares during the period. Finally, Forsta AP Fonden grew its stake in shares of Pinterest by 61.2% during the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after purchasing an additional 150,900 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PINS has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Pinterest from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on Pinterest from $17.00 to $23.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Oppenheimer lifted their price objective on Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.40.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.