Pinterest (NYSE:PINS) Director Sells $1,056,562.50 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the 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 document filed with the SEC, which is available through the SEC website. 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 transaction 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 transaction of $937,031.25.
• On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 stock was sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Stock Performance

Shares of NYSE PINS opened at $24.48 on Friday. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $21.61 and its two-hundred day moving average price is $20.55. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93. The stock has a market capitalization of $13.71 billion, a P/E ratio of 51.00, a P/E/G ratio of 1.39 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

PINS has been the topic of several analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $26.00 target price (up from $21.00) on shares of Pinterest in a research report on Tuesday, May 5th. Wedbush started coverage on shares of Pinterest in a report on Thursday, July 16th. They set a “neutral” rating and a $24.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price objective on shares of Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, DA Davidson assumed coverage on shares of Pinterest in a research report on Wednesday, July 8th. They issued a “buy” rating and a $26.00 price objective on the stock. Seventeen investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.69.

Institutional Trading of Pinterest

Several hedge funds have recently added to or reduced their stakes in PINS. Vanguard Group Inc. grew its stake in shares of Pinterest by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company’s stock worth $1,606,632,000 after purchasing an additional 1,069,646 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Pinterest by 15.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock valued at $719,994,000 after purchasing an additional 3,669,476 shares in the last quarter. Victory Capital Management Inc. raised its stake 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. State Street Corp lifted its holdings in Pinterest by 52.6% in the fourth quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after purchasing an additional 7,412,213 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Pinterest by 15.0% in the second quarter. Ameriprise Financial Inc. now owns 17,818,418 shares of the company’s stock worth $638,969,000 after purchasing an additional 2,319,964 shares during the period. Institutional investors 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.