Callan Family Office LLC Acquires Shares of 7,922 Pinterest, Inc. $PINS

Callan Family Office LLC acquired a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,922 shares of the company's stock, valued at approximately $284,000.

A number of other institutional investors have also recently bought and sold shares of PINS. Revolve Wealth Partners LLC bought a new position in Pinterest in the 4th quarter valued at $252,000. GAMMA Investing LLC grew its stake in shares of Pinterest by 107.3% during the 1st quarter. GAMMA Investing LLC now owns 2,216 shares of the company's stock worth $69,000 after acquiring an additional 1,147 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Pinterest by 21.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after acquiring an additional 19,552 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Pinterest by 73.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after acquiring an additional 37,829 shares during the period. Finally, Sowell Financial Services LLC bought a new position in shares of Pinterest during the 1st quarter worth $434,000. Institutional investors own 88.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PINS. Mizuho began coverage on Pinterest in a research note on Monday, September 29th. They set an "outperform" rating and a $50.00 price target for the company. Wall Street Zen downgraded Pinterest from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Wells Fargo & Company set a $42.00 price target on Pinterest and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Bank of America increased their price target on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Oppenheimer restated an "outperform" rating on shares of Pinterest in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $42.67.

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the completion of the transaction, the chief financial officer owned 312,422 shares of the company's stock, valued at $10,887,906.70. The trade was a 6.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total value of $40,250.00. Following the sale, the director directly owned 30,600 shares in the company, valued at $1,071,000. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 762,319 shares of company stock worth $27,523,976. Corporate insiders own 7.06% of the company's stock.

Pinterest Price Performance

NYSE:PINS opened at $32.56 on Friday. The business has a 50 day moving average of $34.76 and a 200 day moving average of $33.13. The company has a market capitalization of $22.14 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.40 and a beta of 0.81. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. The business had revenue of $665.93 million for the quarter. Pinterest had a return on equity of 8.44% and a net margin of 49.31%. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.

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