Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $19.92, for a total transaction of $933,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 20th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.56, for a total transaction of $1,057,500.00.
- On Tuesday, October 13th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.56, for a total value 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 value 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 value 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 value of $914,062.50.
- On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 transaction 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 stock was sold at an average price of $23.40, for a total value of $1,096,875.00.
Pinterest Stock Performance
PINS opened at $19.76 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.28 and a quick ratio of 4.28. The business has a fifty day simple moving average of $20.39 and a 200 day simple moving average of $20.66. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $27.96. The company has a market capitalization of $11.07 billion, a PE ratio of 66.31, a price-to-earnings-growth ratio of 1.70 and a beta of 0.98.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Barclays lowered their price objective on Pinterest from $31.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, October 30th. Wedbush reduced their target price on Pinterest from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. JPMorgan Chase & Co. reduced their target price on Pinterest from $27.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Zacks Research cut Pinterest from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Finally, Evercore set a $24.00 price target on Pinterest in a research note on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Pinterest has an average rating of “Hold” and an average target price of $25.97.
Check Out Our Latest Report on Pinterest
Hedge Funds Weigh In On Pinterest
Several institutional investors and hedge funds have recently added to or reduced their stakes in PINS. Resona Asset Management Co. Ltd. grew its holdings in Pinterest by 0.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 173,648 shares of the company’s stock worth $3,176,000 after acquiring an additional 785 shares during the last quarter. D.A. Davidson & CO. increased its position in Pinterest by 3.2% in the 3rd quarter. D.A. Davidson & CO. now owns 39,472 shares of the company’s stock valued at $746,000 after acquiring an additional 1,218 shares during the period. GAMMA Investing LLC raised its stake in shares of Pinterest by 13.6% during the second quarter. GAMMA Investing LLC now owns 10,929 shares of the company’s stock valued at $230,000 after acquiring an additional 1,308 shares during the last quarter. Allworth Financial LP raised its stake in shares of Pinterest by 8.7% during the second quarter. Allworth Financial LP now owns 16,941 shares of the company’s stock valued at $356,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Pinterest by 31.7% during the first quarter. Parallel Advisors LLC now owns 5,780 shares of the company’s stock worth $106,000 after purchasing an additional 1,390 shares during the period. Institutional investors own 88.81% of the company’s stock.
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.
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