Insider Selling: Pinterest (NYSE:PINS) Director Sells $23,982.00 in Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,050 shares of the firm’s stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $22.84, for a total transaction of $23,982.00. Following the completion of the sale, the director owned 35,146 shares of the company’s stock, valued at $802,734.64. The trade was a 2.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gokul Rajaram also recently made the following trade(s):

• On Monday, October 5th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The stock was sold at an average price of $20.00, for a total transaction of $21,000.00.
• On Wednesday, August 19th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The stock was sold at an average price of $23.03, for a total transaction of $24,181.50.

Pinterest Price Performance

Shares of PINS stock opened at $22.30 on Friday. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $35.42. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $20.86 and its 200-day moving average is $21.10. The firm 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 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 business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted $0.33 earnings per share. Pinterest’s revenue for the quarter was up 18.2% compared to the same quarter last year. Sell-side analysts forecast that Pinterest, Inc. will post 0.53 EPS for the current fiscal year.

Institutional Trading of Pinterest

Several institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its stake in Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after buying an additional 1,049 shares during the period. Root Financial Partners LLC acquired a new position in Pinterest in the third quarter valued at about $31,000. MidFirst Bank acquired a new position in Pinterest in the fourth quarter valued at about $44,000. Reyes Financial Architecture Inc. acquired a new position in Pinterest in the third quarter valued at about $34,000. Finally, Summit Securities Group LLC acquired a new position in Pinterest in the first quarter valued at about $43,000. Institutional investors own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their target price on Pinterest from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. DA Davidson raised their price target on Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Mizuho lifted their price objective on Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. UBS Group lifted their price objective on Pinterest from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.