Malik Ducard Sells 2,293 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINSGet Free Report) insider Malik Ducard sold 2,293 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the transaction, the insider directly owned 695,187 shares in the company, valued at approximately $15,335,825.22. The trade was a 0.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Malik Ducard also recently made the following trade(s):

  • On Friday, January 2nd, Malik Ducard sold 2,293 shares of Pinterest stock. The stock was sold at an average price of $26.18, for a total transaction of $60,030.74.
  • On Wednesday, December 24th, Malik Ducard sold 6,000 shares of Pinterest stock. The stock was sold at an average price of $25.86, for a total transaction of $155,160.00.

Pinterest Trading Down 4.3%

Pinterest stock opened at $19.87 on Thursday. Pinterest, Inc. has a 1-year low of $19.80 and a 1-year high of $40.90. The firm’s fifty day simple moving average is $25.77 and its 200-day simple moving average is $30.86. The company has a market capitalization of $13.42 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.95 and a beta of 0.92.

Pinterest (NYSE:PINSGet Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). Pinterest had a return on equity of 8.20% and a net margin of 48.99%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of recent analyst reports. Sanford C. Bernstein decreased their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Roth Mkm reduced their price objective on shares of Pinterest from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Royal Bank Of Canada lowered their target price on shares of Pinterest from $45.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Zacks Research upgraded shares of Pinterest from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Mizuho set a $35.00 target price on shares of Pinterest in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.13.

Check Out Our Latest Report on Pinterest

Hedge Funds Weigh In On Pinterest

A number of institutional investors and hedge funds have recently bought and sold shares of PINS. Norges Bank acquired a new position in Pinterest in the 2nd quarter valued at approximately $477,853,000. Davis Selected Advisers acquired a new stake in shares of Pinterest during the 3rd quarter worth approximately $253,887,000. Balyasny Asset Management L.P. increased its position in shares of Pinterest by 1,138.8% during the second quarter. Balyasny Asset Management L.P. now owns 4,601,571 shares of the company’s stock valued at $165,012,000 after purchasing an additional 4,230,125 shares during the period. Man Group plc raised its stake in shares of Pinterest by 185.7% in the third quarter. Man Group plc now owns 4,983,427 shares of the company’s stock valued at $160,317,000 after purchasing an additional 3,239,222 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Pinterest by 18.5% in the third quarter. Victory Capital Management Inc. now owns 20,550,242 shares of the company’s stock valued at $685,899,000 after purchasing an additional 3,213,241 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

More Pinterest News

Here are the key news stories impacting Pinterest this week:

Pinterest Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

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