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

Key Points

• Pinterest director Benjamin Silbermann sold 46,875 shares on November 3 at an average price of $19.92, totaling $933,750. The sale was made under a pre-arranged Rule 10b5-1 trading plan and followed multiple similar sales in recent weeks.
• Pinterest’s latest quarter fell short of analyst expectations: earnings were $0.46 per share versus $0.49 expected, and revenue was $1.17 billion versus $1.21 billion expected, despite year-over-year revenue growth of 11.9%.
• Analysts’ consensus rating was “Hold,” with an average price target of $25.97; shares traded at $21.21 in the report.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $19.92, for a total transaction of $933,750.00. The sale was disclosed in a filing with the SEC, 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 20th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.56, for a total transaction 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 stock was 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 stock was sold at an average price of $19.50, for a total value 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.

Pinterest Price Performance

Pinterest stock traded up $0.85 on Wednesday, reaching $21.21. The company's stock had a trading volume of 14,688,300 shares, compared to its average volume of 16,579,172. 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 company has a market cap of $11.88 billion, a price-to-earnings ratio of 84.83, a PEG ratio of 1.44 and a beta of 0.98. The business's fifty day moving average price is $20.51 and its 200 day moving average price is $20.72. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $27.96.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.21 billion. During the same quarter last year, the business posted $0.38 earnings per share. The business's quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts expect that Pinterest, Inc. will post 0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PINS. Amundi raised its stake in shares of Pinterest by 38.3% during the first quarter. Amundi now owns 3,200,829 shares of the company's stock worth $58,703,000 after buying an additional 885,927 shares during the last quarter. Insight Wealth Strategies LLC bought a new position in Pinterest in the third quarter valued at approximately $4,901,000. Lazard Asset Management LLC boosted its stake in Pinterest by 53.4% in the first quarter. Lazard Asset Management LLC now owns 1,421,187 shares of the company's stock valued at $26,065,000 after acquiring an additional 494,571 shares during the last quarter. First Trust Advisors LP grew its holdings in Pinterest by 12.2% during the 1st quarter. First Trust Advisors LP now owns 1,970,857 shares of the company's stock worth $36,145,000 after acquiring an additional 213,677 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in Pinterest by 89.7% during the 2nd quarter. Engineers Gate Manager LP now owns 183,035 shares of the company's stock worth $3,849,000 after acquiring an additional 86,560 shares during the period. Institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PINS. The Goldman Sachs Group dropped their target price on shares of Pinterest from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Cantor Fitzgerald lowered their price target on shares of Pinterest from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Bank of America restated a "neutral" rating and issued a $23.00 price objective on shares of Pinterest in a research report on Friday, October 30th. Morgan Stanley upped their price objective on Pinterest from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, Evercore set a $24.00 price objective on Pinterest in a report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Pinterest has an average rating of "Hold" and an average target price of $25.97.

Pinterest Company Profile

Pinterest, Inc NYSE: PINS operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.

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