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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $21.56, for a total value of $1,010,625.00. The sale was disclosed in a document filed with the SEC, which can be accessed 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 6th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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 shares were sold at an average price of $19.22, for a total transaction 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 transaction 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 transaction 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 transaction of $1,102,968.75.
• On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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 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 shares were sold at an average price of $22.54, for a total transaction of $1,056,562.50.

Pinterest Stock Performance

NYSE:PINS traded down $0.61 during mid-day trading on Wednesday, hitting $21.76. The company’s stock had a trading volume of 12,346,702 shares, compared to its average volume of 16,639,633. The business’s fifty day moving average is $21.03 and its two-hundred day moving average is $20.87. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 64.00, a PEG ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $35.42.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. Analysts anticipate that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on PINS. Evercore raised 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. Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Mizuho boosted their price target on Pinterest from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Pinterest from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group upgraded Pinterest from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.90.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Amundi boosted its stake in shares of Pinterest by 38.3% during the 1st quarter. Amundi now owns 3,200,829 shares of the company’s stock worth $58,703,000 after acquiring an additional 885,927 shares in the last quarter. Insight Wealth Strategies LLC acquired a new stake in shares of Pinterest during the 3rd quarter valued at about $4,901,000. Lazard Asset Management LLC increased its stake in shares of Pinterest by 53.4% in the 1st quarter. Lazard Asset Management LLC now owns 1,421,187 shares of the company’s stock valued at $26,065,000 after purchasing an additional 494,571 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Pinterest by 12.2% in the 1st quarter. First Trust Advisors LP now owns 1,970,857 shares of the company’s stock valued at $36,145,000 after purchasing an additional 213,677 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Pinterest by 40.6% in the 4th quarter. Hsbc Holdings PLC now owns 834,914 shares of the company’s stock valued at $21,596,000 after purchasing an additional 241,154 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.