Claude Leonard Brown Sells 12,240 Shares of Pinterest (NYSE:PINS) Stock

Key Points

• Insider sale: Claude Leonard Brown sold 12,240 Pinterest shares for approximately $292,291 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 1% to 1,206,834 shares.
• Financial performance: Pinterest reported quarterly earnings of $0.43 per share, exceeding estimates by $0.07, while revenue rose 18.2% year over year to $1.18 billion.
• Market outlook: Shares recently traded at $22.93, while analysts maintained a consensus “Hold” rating with an average price target of $27.90; institutional investors own 88.81% of the stock.

Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Claude Leonard Brown sold 12,240 shares of Pinterest stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $23.88, for a total transaction of $292,291.20. Following the sale, the insider directly owned 1,206,834 shares in the company, valued at $28,819,195.92. This trade represents a 1.00% decrease in their ownership of the stock. The sale 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.

Pinterest Price Performance

PINS stock traded down $0.82 during trading on Wednesday, reaching $22.93. 10,742,259 shares of the company were exchanged, compared to its average volume of 17,750,107. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 67.44, a P/E/G ratio of 1.28 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. The company has a 50-day moving average of $22.23 and a two-hundred day moving average of $20.42. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $38.57.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. As a group, equities analysts predict that Pinterest, Inc. will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Pinterest

A number of institutional investors have recently bought and sold shares of the company. Forsta AP Fonden grew its position in shares of Pinterest by 61.2% during the 4th quarter. Forsta AP Fonden now owns 397,400 shares of the company's stock worth $10,289,000 after buying an additional 150,900 shares during the period. Amundi increased its stake in shares of Pinterest by 38.3% in the 1st quarter. Amundi now owns 3,200,829 shares of the company's stock valued at $58,703,000 after acquiring an additional 885,927 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Pinterest during the 4th quarter valued at $12,812,000. KLP Kapitalforvaltning AS grew its holdings in Pinterest by 103.4% in the fourth quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company's stock worth $21,709,000 after purchasing an additional 426,300 shares during the period. Finally, Freemont Management S.A. bought a new stake in Pinterest in the fourth quarter valued at $2,540,000. Institutional investors own 88.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Guggenheim boosted their target price on shares of Pinterest from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Barclays increased their price target on Pinterest from $27.00 to $31.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Evercore raised their price objective on Pinterest from $27.00 to $29.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $30.00 price objective on shares of Pinterest in a research note on Wednesday, August 5th. Finally, Oppenheimer upped their target price on Pinterest from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.

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