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

Key Points

• Pinterest director Benjamin Silbermann sold 46,875 shares at an average price of $18.33, generating approximately $859,219. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and follows several additional insider sales in recent months.
• Pinterest shares rose 2.3% to $18.96, but remained below their 50-day and 200-day moving averages. The company recently exceeded quarterly earnings and revenue expectations, with revenue increasing 18.2% year over year.
• Analysts maintained a generally positive-to-neutral outlook, with a consensus rating of “Hold” and an average price target of $27.90. Institutional investors own approximately 88.81% of Pinterest’s outstanding shares.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the business's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $18.33, for a total transaction of $859,218.75. The transaction was disclosed in a document filed 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, 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 shares were 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.
• 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 stock was 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 stock was sold at an average price of $22.63, for a total value of $1,060,781.25.

Pinterest Stock Up 2.3%

PINS traded up $0.42 on Wednesday, reaching $18.96. The company's stock had a trading volume of 16,108,403 shares, compared to its average volume of 16,865,691. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $35.42. The business's 50 day moving average is $21.71 and its 200 day moving average is $20.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 55.77, a price-to-earnings-growth ratio of 1.21 and a beta of 0.90.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.Pinterest's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 EPS. As a group, research analysts forecast that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PINS. Cantor Fitzgerald reissued an "overweight" rating and issued a $30.00 target price on shares of Pinterest in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their price target on Pinterest from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Robert W. Baird upped their price objective on Pinterest from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. DA Davidson increased their target price on Pinterest from $26.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Eighteen equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $27.90.

Institutional Trading of Pinterest

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Pinterest during the 4th quarter worth $357,945,000. Victory Capital Management Inc. boosted its holdings in shares of Pinterest by 30.5% during the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company's stock valued at $694,082,000 after acquiring an additional 6,258,628 shares during the period. Renaissance Technologies LLC grew its position in shares of Pinterest by 271.1% during the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company's stock worth $109,831,000 after acquiring an additional 4,375,000 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Pinterest by 57.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,612,769 shares of the company's stock worth $93,535,000 after acquiring an additional 1,318,092 shares during the period. Finally, Amundi lifted its position in Pinterest by 38.3% in the 1st quarter. Amundi now owns 3,200,829 shares of the company's stock valued at $58,703,000 after purchasing an additional 885,927 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.

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