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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $22.56, for a total transaction of $1,057,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Tuesday, October 13th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.56, for a total transaction of $1,010,625.00.
• On Tuesday, October 6th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.66, for a total value of $921,562.50.
• On Tuesday, September 29th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $18.33, for a total value of $859,218.75.
• On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.50, for a total transaction of $914,062.50.
• On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.22, for a total transaction of $900,937.50.
• 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 value of $940,781.25.
• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The shares were 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 transaction 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.

Pinterest Stock Down 0.0%

NYSE PINS traded down $0.00 during trading on Wednesday, reaching $22.98. 11,949,538 shares of the company’s stock traded hands, compared to its average volume of 16,481,346. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 67.58, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90. The company’s 50 day simple moving average is $20.90 and its two-hundred day simple moving average is $21.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $35.42.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping 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 company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Pinterest’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently made changes to their positions in PINS. Resona Asset Management Co. Ltd. raised its position in Pinterest by 0.5% in the first quarter. Resona Asset Management Co. Ltd. now owns 173,648 shares of the company’s stock valued at $3,176,000 after purchasing an additional 785 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Pinterest by 2,017.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after purchasing an additional 1,049 shares during the period. GAMMA Investing LLC grew its stake in shares of Pinterest by 13.6% in the second quarter. GAMMA Investing LLC now owns 10,929 shares of the company’s stock worth $230,000 after acquiring an additional 1,308 shares in the last quarter. Allworth Financial LP grew its stake in Pinterest by 8.7% during the 2nd quarter. Allworth Financial LP now owns 16,941 shares of the company’s stock worth $356,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Pinterest by 31.7% during the first quarter. Parallel Advisors LLC now owns 5,780 shares of the company’s stock worth $106,000 after buying an additional 1,390 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Evercore boosted their price objective on Pinterest from $27.00 to $29.00 and gave the company an “in-line” rating in a report on Wednesday, August 5th. Mizuho raised their price target on shares of Pinterest from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. DA Davidson boosted their price objective on Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Barclays upped their price target on shares of Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.90.

About Pinterest

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.