Pinterest (NYSE:PINS) Director Benjamin Silbermann Sells 46,875 Shares

Key Points

• Director Benjamin Silbermann sold 46,875 Pinterest shares on September 22 at an average price of $19.50, generating $914,062.50. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
• Silbermann has conducted multiple stock sales since June, including a 93,750-share sale on September 2, indicating a broader pattern of insider selling.
• Pinterest shares traded at $18.46, while analysts maintained a consensus “Hold” rating and an average price target of $27.90. The company recently exceeded quarterly earnings and revenue estimates, with revenue up 18.2% year over year.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the company's stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $19.50, for a total transaction of $914,062.50. The sale was disclosed in a document filed 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, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 shares were 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 stock was 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 stock was 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.
• On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.63, for a total value of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.45, for a total transaction of $1,005,468.75.

Pinterest Price Performance

Pinterest stock traded up $0.07 during trading on Wednesday, reaching $18.46. The company had a trading volume of 14,738,650 shares, compared to its average volume of 17,025,926. The firm has a market capitalization of $10.34 billion, a PE ratio of 54.29, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90. The firm's 50-day simple moving average is $22.16 and its 200 day simple moving average is $20.78. 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, Inc. has a 1-year low of $13.84 and a 1-year high of $35.42.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 earnings per share (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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.33 earnings per share. The company's revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

A number of large investors have recently made changes to their positions in the stock. QRG Capital Management Inc. increased its holdings in shares of Pinterest by 96.5% in 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 boosted its stake in Pinterest by 8.8% during the second 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 last quarter. Engineers Gate Manager LP grew its holdings in Pinterest by 89.7% in the 2nd 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 in the last quarter. NewEdge Advisors LLC grew its holdings in Pinterest by 15.0% in the 2nd quarter. NewEdge Advisors LLC now owns 87,223 shares of the company's stock valued at $1,834,000 after buying an additional 11,382 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Pinterest by 8.7% in the 2nd quarter. Allworth Financial LP now owns 16,941 shares of the company's stock worth $356,000 after acquiring an additional 1,360 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PINS has been the topic of several research analyst reports. UBS Group lifted their price objective on Pinterest from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Wedbush restated a "neutral" rating and issued a $24.00 target price on shares of Pinterest in a research report on Wednesday, August 5th. Weiss Ratings raised Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 28th. Jefferies Financial Group upgraded Pinterest from a "hold" rating to a "buy" rating in a research report on Monday, August 31st. Finally, Barclays increased their price objective on Pinterest from $27.00 to $31.00 and gave the company an "equal weight" rating in a research note 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.90.

Pinterest Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.