Insider Selling: Pinterest (NYSE:PINS) Director Sells $1,057,500.00 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $22.56, for a total transaction of $1,057,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 13th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.56, for a total transaction of $1,010,625.00.
• On Tuesday, October 6th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.66, for a total transaction of $921,562.50.
• On Tuesday, September 29th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $18.33, for a total transaction of $859,218.75.
• On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.50, for a total transaction of $914,062.50.
• On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.22, for a total transaction of $900,937.50.
• On Tuesday, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.07, for a total value of $940,781.25.
• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The shares were sold at an average price of $21.43, for a total transaction of $2,009,062.50.
• On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.53, for a total value of $1,102,968.75.
• On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.40, for a total transaction of $1,096,875.00.
• On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.88, for a total value of $1,119,375.00.

Pinterest Price Performance

Shares of NYSE PINS opened at $22.30 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. The business has a 50-day moving average of $20.86 and a 200-day moving average of $21.10. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $35.42. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 65.59, a PEG ratio of 1.62 and a beta of 0.90.

Pinterest (NYSE:PINS) last issued its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm earned $0.33 EPS. Pinterest’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

A number of hedge funds have recently bought and sold shares of the business. Citizens Financial Group Inc. RI boosted its holdings in Pinterest by 57.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 28,640 shares of the company’s stock valued at $541,000 after acquiring an additional 10,458 shares during the period. Root Financial Partners LLC bought a new stake in Pinterest during the 3rd quarter valued at $31,000. Boothe Investment Group Inc. boosted its holdings in shares of Pinterest by 5.5% in the 3rd quarter. Boothe Investment Group Inc. now owns 730,485 shares of the company’s stock valued at $13,799,000 after buying an additional 38,234 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Pinterest by 17.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 16,113 shares of the company’s stock worth $304,000 after purchasing an additional 2,417 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in Pinterest during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

PINS has been the subject of several recent research reports. Evercore upped their price target on shares of Pinterest from $27.00 to $29.00 and gave the company an “in-line” rating in a research report on Wednesday, August 5th. Robert W. Baird boosted their target price on shares of Pinterest from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Morgan Stanley upped their price target on shares of Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 target price on shares of Pinterest in a report on Wednesday, August 5th. Finally, BMO Capital Markets upped their price target on Pinterest from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.90.

Pinterest Company Profile

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.