Pinterest (NYSE:PINS) CFO Sells $549,888.28 in Stock

Key Points

• Pinterest CFO Julia Donnelly sold 29,548 shares at an average price of $18.61, generating $549,888.28. The sale was conducted under a pre-arranged Rule 10b5-1 plan, leaving her with 751,921 shares.
• Pinterest shares recently traded at $18.92, below their 50-day and 200-day moving averages, while the company reported quarterly EPS and revenue above analyst expectations and 18.2% year-over-year revenue growth.
• Analyst sentiment is mixed, with an average rating of “Hold” and a consensus price target of $27.90; institutional investors own approximately 88.81% of Pinterest’s shares.

Pinterest, Inc. (NYSE:PINS - Get Free Report) CFO Julia Donnelly sold 29,548 shares of the business's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $18.61, for a total transaction of $549,888.28. Following the sale, the chief financial officer directly owned 751,921 shares of the company's stock, valued at approximately $13,993,249.81. This represents a 3.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Donnelly Julia Brau also recently made the following trade(s):

• On Friday, August 7th, Julia Donnelly sold 59,096 shares of Pinterest stock. The stock was sold at an average price of $23.48, for a total value of $1,387,574.08.

Pinterest Stock Performance

Shares of Pinterest stock traded up $0.20 during trading on Friday, hitting $18.92. 8,890,974 shares of the stock were exchanged, compared to its average volume of 16,953,084. The stock's fifty day moving average is $21.97 and its 200 day moving average is $20.76. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $35.42. The stock has a market cap of $10.60 billion, a PE ratio of 55.64, a P/E/G ratio of 1.20 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $1.18 billion during 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 business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its stake in shares of Pinterest by 96.5% during the second quarter. QRG Capital Management Inc. now owns 42,014 shares of the company's stock valued at $884,000 after purchasing an additional 20,631 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Pinterest by 8.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 34,481 shares of the company's stock worth $725,000 after buying an additional 2,793 shares during the period. Engineers Gate Manager LP lifted its holdings in Pinterest by 89.7% in the second quarter. Engineers Gate Manager LP now owns 183,035 shares of the company's stock valued at $3,849,000 after buying an additional 86,560 shares during the period. NewEdge Advisors LLC boosted its stake in Pinterest by 15.0% in the second quarter. NewEdge Advisors LLC now owns 87,223 shares of the company's stock valued at $1,834,000 after acquiring an additional 11,382 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Pinterest by 8.7% during the 2nd quarter. Allworth Financial LP now owns 16,941 shares of the company's stock valued at $356,000 after acquiring an additional 1,360 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PINS shares. Wall Street Zen upgraded shares of Pinterest from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Morgan Stanley lifted their target price on shares of Pinterest from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Robert W. Baird raised their price target on Pinterest from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Rosenblatt Securities lifted their price target on Pinterest from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Finally, Barclays increased their price target on shares of Pinterest from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Eighteen equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat.com, Pinterest presently has an average rating of "Hold" and an average target price of $27.90.

About Pinterest

Pinterest, Inc NYSE: PINS operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.

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