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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $22.54, for a total transaction of $1,056,562.50. The sale was disclosed in a 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, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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 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.
• On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.15, for a total transaction of $991,406.25.
• On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.78, for a total transaction of $1,020,937.50.
• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Stock Performance

Shares of PINS opened at $24.38 on Wednesday. The firm has a 50-day moving average of $21.38 and a 200-day moving average of $20.59. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The company has a market cap of $13.66 billion, a PE ratio of 50.79, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $965.84 million. During the same period in the previous year, the business earned $0.23 EPS. Pinterest’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, equities analysts forecast that Pinterest, Inc. will post 0.65 earnings per share for the current year.

Institutional Trading of Pinterest

A number of institutional investors have recently modified their holdings of the stock. Snowden Capital Advisors LLC boosted its position in shares of Pinterest by 4.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after acquiring an additional 296 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after purchasing an additional 358 shares in the last quarter. Simon Quick Advisors LLC increased its stake in shares of Pinterest by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock valued at $265,000 after purchasing an additional 535 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Pinterest by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock valued at $684,000 after purchasing an additional 560 shares during the last quarter. Finally, Coyle Financial Counsel LLC raised its holdings in shares of Pinterest by 5.9% during the 4th quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company’s stock worth $274,000 after buying an additional 587 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PINS has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pinterest in a report on Tuesday, June 30th. Rosenblatt Securities upped their price objective on shares of Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $28.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.69.

Pinterest Company Profile

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.