Insider Selling: Pinterest (NYSE:PINS) Director Sells $885,937.50 in Stock

Key Points

• Pinterest director Benjamin Silbermann sold 46,875 shares for $885,937.50, at an average price of $18.90, under a pre-arranged Rule 10b5-1 trading plan.
• The sale is part of a series of regular transactions: Silbermann also sold 46,875 shares in each of several recent weeks, including November 3, October 20 and earlier dates.
• Pinterest’s latest quarter fell short of analyst expectations for both earnings and revenue. Analysts’ consensus rating was “Hold,” with an average price target of $25.97.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $18.90, for a total transaction of $885,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, November 3rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.92, for a total value of $933,750.00.
• On Tuesday, October 20th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.56, for a total value of $1,057,500.00.
• On Tuesday, October 13th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.56, for a total transaction of $1,010,625.00.
• 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 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 stock was 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 shares were sold at an average price of $23.53, for a total transaction of $1,102,968.75.

Pinterest Stock Down 0.7%

Shares of PINS traded down $0.13 on Thursday, hitting $19.10. 6,898,414 shares of the stock traded hands, compared to its average volume of 16,399,779. The company has a market capitalization of $10.95 billion, a PE ratio of 76.40, a P/E/G ratio of 1.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.28 and a current ratio of 4.28. The business has a 50 day simple moving average of $20.14 and a 200 day simple moving average of $20.53. Pinterest, Inc. has a one year low of $13.84 and a one year high of $27.96.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). Pinterest had a net margin of 3.81% and a return on equity of 6.58%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company posted $0.38 earnings per share. The business's revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts forecast that Pinterest, Inc. will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Pinterest

Large investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of Pinterest by 7.0% during the 3rd quarter. Allworth Financial LP now owns 18,128 shares of the company's stock valued at $342,000 after buying an additional 1,187 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Pinterest by 3.2% during the 3rd quarter. D.A. Davidson & CO. now owns 39,472 shares of the company's stock valued at $746,000 after buying an additional 1,218 shares during the period. GAMMA Investing LLC lifted its position in Pinterest by 13.6% in the second quarter. GAMMA Investing LLC now owns 10,929 shares of the company's stock worth $230,000 after buying an additional 1,308 shares during the last quarter. Parallel Advisors LLC boosted its stake in Pinterest by 31.7% during the first quarter. Parallel Advisors LLC now owns 5,780 shares of the company's stock worth $106,000 after buying an additional 1,390 shares during the period. Finally, Versant Capital Management Inc increased its position in Pinterest by 15.5% during the second quarter. Versant Capital Management Inc now owns 11,094 shares of the company's stock valued at $233,000 after acquiring an additional 1,490 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PINS shares. Wall Street Zen cut Pinterest from a "buy" rating to a "hold" rating in a research report on Saturday, October 31st. Rosenblatt Securities dropped their price target on shares of Pinterest from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, October 30th. DA Davidson reduced their price objective on Pinterest from $27.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, November 2nd. Bank of America reissued a "neutral" rating and set a $23.00 price objective on shares of Pinterest in a research report on Friday, October 30th. Finally, Jefferies Financial Group cut shares of Pinterest from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Pinterest has an average rating of "Hold" and a consensus target price of $25.97.

Pinterest Company Profile

Pinterest, Inc. operates a visual discovery platform that helps people find ideas and plan projects across interests such as home décor, food, fashion, travel and personal style. Users can save images and videos, known as Pins, to collections called boards and explore related recommendations through the company's website and mobile apps. The company generates revenue primarily through advertising. Its advertising products allow businesses to promote content to users, while shopping features and tools help merchants showcase products and connect with people as they explore ideas and make plans.

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