Pinterest (NYSE:PINS) Director Sells $23,982.00 in Stock

Key Points

• Pinterest director Gokul Rajaram sold 1,050 shares at an average price of $22.84, generating $23,982. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his holdings by 2.9% to 35,146 shares.
• Pinterest reported quarterly EPS of $0.43, exceeding estimates of $0.36, while revenue reached $1.18 billion, up 18.2% year over year and above expectations.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $27.90 versus a recent price of $22.98.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Gokul Rajaram sold 1,050 shares of the company's stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $22.84, for a total transaction of $23,982.00. Following the completion of the sale, the director directly owned 35,146 shares of the company's stock, valued at $802,734.64. The trade was a 2.90% decrease in their position. The transaction 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.

Gokul Rajaram also recently made the following trade(s):

• On Monday, October 5th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The shares were sold at an average price of $20.00, for a total transaction of $21,000.00.
• On Wednesday, August 19th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The shares were sold at an average price of $23.03, for a total transaction of $24,181.50.

Pinterest Price Performance

Shares of PINS stock traded down $0.00 during midday trading on Wednesday, reaching $22.98. 11,949,554 shares of the company were exchanged, compared to its average volume of 16,481,346. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $35.42. The company has a market cap of $12.87 billion, a P/E ratio of 67.58, a PEG ratio of 1.46 and a beta of 0.90. The company's 50 day moving average price is $20.90 and its two-hundred day moving average price is $21.02. 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 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. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business's revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. On average, sell-side analysts expect that Pinterest, Inc. will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Pinterest

A number of institutional investors and hedge funds have recently modified their holdings of PINS. Crossmark Global Holdings Inc. bought a new stake in shares of Pinterest during the 3rd quarter worth $1,251,000. Nisa Investment Advisors LLC raised its position in shares of Pinterest by 83.4% during the third quarter. Nisa Investment Advisors LLC now owns 6,162 shares of the company's stock worth $116,000 after purchasing an additional 2,802 shares during the period. Rare Wolf Capital LLC raised its position in shares of Pinterest by 136.4% during the third quarter. Rare Wolf Capital LLC now owns 96,388 shares of the company's stock worth $1,821,000 after purchasing an additional 55,622 shares during the period. Net Worth Advisory Group purchased a new stake in shares of Pinterest during the third quarter valued at $302,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Pinterest by 17.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,067 shares of the company's stock valued at $568,000 after purchasing an additional 4,387 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 firms have weighed in on PINS. Phillip Securities upgraded Pinterest to a "strong-buy" rating in a research report on Monday. DA Davidson lifted their price target on Pinterest from $26.00 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Evercore lifted their price target on Pinterest from $27.00 to $29.00 and gave the company an "in-line" rating in a research report on Wednesday, August 5th. Robert W. Baird boosted their price objective on Pinterest from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Finally, Barclays upped their price objective on Pinterest from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.90.

About Pinterest

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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