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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $19.22, for a total value of $900,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 shares were 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 value 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 shares were 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 stock was 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 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 transaction of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.99, for a total transaction of $937,031.25.

Pinterest Stock Performance

PINS traded down $0.05 during trading on Wednesday, hitting $18.71. The company’s stock had a trading volume of 12,810,545 shares, compared to its average volume of 16,873,297. The business’s 50 day simple moving average is $22.56 and its 200-day simple moving average is $20.76. The firm has a market cap of $10.48 billion, a PE ratio of 55.02, a P/E/G ratio of 1.29 and a beta of 0.90. Pinterest, Inc. has a one year low of $13.84 and a one year high of $37.05. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34.

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, beating 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 firm 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 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Pinterest

Several institutional investors have recently bought and sold shares of PINS. Victory Capital Management Inc. grew its position in shares of Pinterest by 30.5% during the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after purchasing an additional 6,258,628 shares in the last quarter. Norges Bank bought a new position in Pinterest during the fourth quarter valued at approximately $357,945,000. Geode Capital Management LLC boosted its stake in Pinterest by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 11,188,981 shares of the company’s stock valued at $288,872,000 after buying an additional 804,774 shares during the last quarter. Legal & General Group Plc grew its holdings in Pinterest by 7.1% during the 4th quarter. Legal & General Group Plc now owns 4,717,329 shares of the company’s stock valued at $122,132,000 after buying an additional 311,976 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Pinterest by 271.1% during the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock valued at $109,831,000 after buying an additional 4,375,000 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PINS has been the topic of several recent research reports. DA Davidson raised their price objective on Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. TD Cowen reiterated a “buy” rating on shares of Pinterest in a research note on Monday, June 22nd. Guggenheim increased their price objective on shares of Pinterest from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada increased 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. Finally, Weiss Ratings upgraded shares of Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average 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.