Insider Selling: Pinterest (NYSE:PINS) Director Sells 46,875 Shares of Stock

Key Points

• Pinterest director Benjamin Silbermann sold 46,875 shares at an average price of $21.56, generating approximately $1.01 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan and follows multiple similar sales since July.
• Pinterest shares fell 2.7% to $21.76, while the company’s latest quarterly results exceeded expectations, with $0.43 in EPS and $1.18 billion in revenue, up 18.2% year over year.
• Analysts maintain a consensus “Hold” rating with a $27.90 target price; institutional investors own approximately 88.8% of Pinterest’s outstanding stock.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the business's stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $21.56, for a total transaction of $1,010,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were 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 stock was 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 stock was 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 stock was sold at an average price of $19.22, for a total value 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 value of $940,781.25.
• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The shares were sold at an average price of $21.43, for a total value of $2,009,062.50.
• On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.53, for a total value of $1,102,968.75.
• 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 value 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 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.

Pinterest Stock Down 2.7%

Pinterest stock traded down $0.61 during midday trading on Wednesday, hitting $21.76. 12,346,702 shares of the company's stock were exchanged, compared to its average volume of 16,639,633. 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 company has a market cap of $12.19 billion, a PE ratio of 64.00, a P/E/G ratio of 1.40 and a beta of 0.90. The firm has a 50-day moving average of $21.03 and a two-hundred day moving average of $20.87. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $35.42.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The company's quarterly revenue was up 18.2% compared to the same quarter last year. As a group, analysts expect that Pinterest, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PINS. Wedbush reissued a "neutral" rating and issued a $24.00 price objective on shares of Pinterest in a research note on Wednesday, August 5th. Royal Bank Of Canada increased their target price on Pinterest from $23.00 to $25.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. TD Cowen reiterated a "buy" rating on shares of Pinterest in a report on Monday, June 22nd. Guggenheim boosted their price target on Pinterest from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, Mizuho boosted their price target on Pinterest from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Eighteen analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company's stock. Based on data from MarketBeat, Pinterest has a consensus rating of "Hold" and a consensus target price of $27.90.

Institutional Trading of Pinterest

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

About Pinterest

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.

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