Insider Selling: Pinterest (NYSE:PINS) Director Sells $940,781.25 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $20.07, for a total value of $940,781.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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 value 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 transaction 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 shares were 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 value of $991,406.25.

Pinterest Stock Performance

Shares of NYSE PINS opened at $18.95 on Friday. 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 stock has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $20.70. The company has a market cap of $10.62 billion, a PE ratio of 55.74, a P/E/G ratio of 1.23 and a beta of 0.90. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $37.05.

Pinterest (NYSE:PINS) last issued its quarterly earnings data 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 business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. On average, equities research analysts forecast that Pinterest, Inc. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Pinterest

A number of institutional investors have recently bought and sold shares of PINS. Revolve Wealth Partners LLC purchased a new stake in shares of Pinterest in the fourth quarter valued at $252,000. Integrated Wealth Concepts LLC raised its position in Pinterest by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after buying an additional 607 shares during the period. Empowered Funds LLC lifted its stake in Pinterest by 45.6% in the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after acquiring an additional 4,748 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Pinterest by 39.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Pinterest during the 2nd quarter worth about $696,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

PINS has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price objective on shares of Pinterest from $23.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Jefferies Financial Group upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. Citigroup increased their price objective on shares of Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Mizuho upped their target price on Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, BMO Capital Markets increased their price target on Pinterest from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Eighteen equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average target price of $27.90.

Pinterest Company Profile

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.