Benjamin Silbermann Sells 93,750 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 93,750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $21.43, for a total value of $2,009,062.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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, 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.
• On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.88, for a total value of $1,119,375.00.
• On Tuesday, July 21st, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.54, for a total transaction of $1,056,562.50.
• On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.63, for a total transaction of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.45, for a total transaction of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.99, for a total transaction of $937,031.25.
• On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.15, for a total transaction of $991,406.25.
• On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.78, for a total transaction of $1,020,937.50.

Pinterest Price Performance

Shares of PINS stock traded down $0.02 on Wednesday, reaching $21.23. 13,271,648 shares of the company were exchanged, compared to its average volume of 17,024,174. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 62.44, a P/E/G ratio of 1.38 and a beta of 0.90. The business has a 50-day moving average price of $22.88 and a 200 day moving average price of $20.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $38.57.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share 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 firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company posted $0.33 EPS. Pinterest’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts forecast that Pinterest, Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently modified their holdings of PINS. Caitong International Asset Management Co. Ltd lifted its stake in shares of Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after buying an additional 1,049 shares during the period. Addison Advisors LLC grew its stake in Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the period. Garner Asset Management Corp acquired a new position in Pinterest in the 4th quarter valued at $36,000. Summit Securities Group LLC acquired a new position in Pinterest in the 1st quarter valued at $43,000. Finally, MidFirst Bank purchased a new position in shares of Pinterest during the 4th quarter worth $44,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PINS. Guggenheim increased their price objective on Pinterest from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Rosenblatt Securities upped their target price on shares of Pinterest from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Barclays raised their price target on shares of Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. Eighteen analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Pinterest presently has a consensus rating of “Hold” and a consensus target price of $27.90.

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.