Pinterest (NYSE:PINS) Insider Wanjiku Juanita Walcott Sells 14,208 Shares of Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 14,208 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total value of $279,187.20. Following the completion of the sale, the insider owned 691,840 shares of the company’s stock, valued at $13,594,656. This represents a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wanjiku Juanita Walcott also recently made the following trade(s):

• On Friday, May 29th, Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock. The stock was sold at an average price of $20.46, for a total value of $559,315.02.

Pinterest Stock Down 1.9%

Pinterest stock opened at $19.48 on Friday. The company’s 50 day simple moving average is $20.36 and its 200 day simple moving average is $21.22. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 1.14 and a beta of 0.92. 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 issued its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.65 EPS for the current year.

Analyst Ratings Changes

PINS has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. TD Cowen reaffirmed a “buy” rating on shares of Pinterest in a research note on Monday. Evercore set a $27.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Mizuho lifted their price target on Pinterest from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, Robert W. Baird boosted their price target on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pinterest presently has a consensus rating of “Hold” and a consensus target price of $27.40.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Pinterest by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company’s stock valued at $1,606,632,000 after purchasing an additional 1,069,646 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Pinterest by 15.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock worth $719,994,000 after buying an additional 3,669,476 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Pinterest by 30.5% during the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock worth $694,082,000 after buying an additional 6,258,628 shares during the last quarter. State Street Corp grew its holdings in shares of Pinterest by 52.6% in the 4th quarter. State Street Corp now owns 21,492,169 shares of the company’s stock valued at $556,432,000 after acquiring an additional 7,412,213 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Pinterest by 10.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock valued at $634,767,000 after acquiring an additional 1,913,668 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

About Pinterest

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.