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 Pinterest stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $19.92, for a total transaction of $933,750.00. The sale was disclosed in a legal filing with the SEC, which is available 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, October 20th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.56, for a total transaction of $1,057,500.00.
• On Tuesday, October 13th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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 transaction of $921,562.50.
• On Tuesday, September 29th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $18.33, for a total transaction of $859,218.75.
• On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 value 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 stock was 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 shares were 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.

Pinterest Stock Up 4.2%

Shares of NYSE:PINS opened at $21.21 on Thursday. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $20.46 and a two-hundred day simple moving average of $20.69. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $27.96. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 84.83, a PEG ratio of 1.46 and a beta of 0.98.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, October 29th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Pinterest had a return on equity of 6.58% and a net margin of 3.81%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. On average, research analysts anticipate that Pinterest, Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Several institutional investors and hedge funds have recently added to or reduced their stakes in PINS. New York Life Investment Management LLC lifted its stake in shares of Pinterest by 7.4% in the 3rd quarter. New York Life Investment Management LLC now owns 82,057 shares of the company’s stock worth $1,550,000 after purchasing an additional 5,657 shares during the period. M&G PLC grew its position in Pinterest by 132.0% during the third quarter. M&G PLC now owns 1,416,640 shares of the company’s stock valued at $26,916,000 after buying an additional 806,097 shares during the period. AlphaCore Capital LLC bought a new stake in Pinterest during the third quarter valued at approximately $197,000. Fulcrum Asset Management LLP increased its holdings in Pinterest by 1,230.3% during the third quarter. Fulcrum Asset Management LLP now owns 78,740 shares of the company’s stock valued at $1,460,000 after buying an additional 72,821 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Pinterest by 17.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 146,725 shares of the company’s stock valued at $2,855,000 after buying an additional 21,689 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PINS shares. Bank of America reiterated a “neutral” rating and issued a $23.00 price target on shares of Pinterest in a research note on Friday, October 30th. Sanford C. Bernstein restated an “outperform” rating and set a $22.00 price objective on shares of Pinterest in a research note on Friday, October 30th. BMO Capital Markets restated an “outperform” rating on shares of Pinterest in a research note on Friday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of Pinterest from $27.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Finally, Wells Fargo & Company dropped their target price on shares of Pinterest from $31.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pinterest has an average rating of “Hold” and a consensus target price of $25.97.

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.