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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $23.53, for a total transaction of $1,102,968.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, 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 transaction of $1,096,875.00.
• On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.88, for a total value 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 value 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 value 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 stock was 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 value 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 value 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 value of $960,937.50.

Pinterest Price Performance

Shares of PINS opened at $22.84 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The stock has a 50 day simple moving average of $22.74 and a 200 day simple moving average of $20.50. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $38.57. The firm has a market capitalization of $12.80 billion, a PE ratio of 67.19, a P/E/G ratio of 1.25 and a beta of 0.90.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.Pinterest’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. Sell-side analysts predict that Pinterest, Inc. will post 0.62 EPS for the current fiscal year.

Institutional Trading of Pinterest

A number of large investors have recently added to or reduced their stakes in PINS. Caitong International Asset Management Co. Ltd increased its stake in shares of Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after purchasing an additional 1,049 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after purchasing an additional 1,200 shares during the period. Garner Asset Management Corp acquired a new stake in Pinterest in the 4th quarter valued at about $36,000. MidFirst Bank acquired a new stake in Pinterest in the 4th quarter valued at about $44,000. Finally, Torren Management LLC bought a new position in Pinterest during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

PINS has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Benchmark reduced their target price on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wedbush reiterated a “neutral” rating and set a $24.00 target price on shares of Pinterest in a report on Wednesday, August 5th. Evercore increased their target price on Pinterest from $27.00 to $29.00 and gave the stock an “in-line” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price target on shares of Pinterest in a research note on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.90.

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.