Benjamin Silbermann Sells 46,875 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $19.22, for a total transaction of $900,937.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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 stock was 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 shares were sold at an average price of $23.53, for a total transaction 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.
• On Tuesday, July 21st, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.54, for a total value of $1,056,562.50.
• On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.63, for a total value of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.45, for a total value 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 value of $937,031.25.

Pinterest Trading Down 0.3%

NYSE:PINS traded down $0.05 during midday trading on Wednesday, hitting $18.71. 12,810,545 shares of the company traded hands, compared to its average volume of 16,873,297. The firm’s fifty day moving average is $22.56 and its 200-day moving average is $20.76. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $37.05. The firm has a market capitalization of $10.48 billion, a P/E ratio of 55.02, a P/E/G ratio of 1.29 and a beta of 0.90. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.Pinterest’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. On average, sell-side analysts predict that Pinterest, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PINS shares. Susquehanna reaffirmed a “positive” rating on shares of Pinterest in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on shares of Pinterest from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald restated an “overweight” rating and set a $30.00 target price on shares of Pinterest in a research report on Wednesday, August 5th. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Robert W. Baird increased their price target on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Eighteen equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.90.

Institutional Investors Weigh In On Pinterest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after purchasing an additional 1,049 shares in the last quarter. Addison Advisors LLC boosted its holdings in Pinterest by 727.3% in the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares in the last quarter. MidFirst Bank purchased a new stake in shares of Pinterest during the fourth quarter worth about $44,000. Summit Securities Group LLC acquired a new position in shares of Pinterest during the first quarter valued at about $43,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Pinterest in the 4th quarter valued at approximately $85,000. Institutional investors own 88.81% of the company’s stock.

About Pinterest

Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.