Pinterest (NYSE:PINS) Insider Wanjiku Juanita Walcott Sells 14,103 Shares of Stock

Key Points

• Pinterest insider Wanjiku Walcott sold 14,103 shares for approximately $256,816 under a pre-arranged Rule 10b5-1 trading plan, reducing her ownership by 2.1% to 658,902 shares.
• Pinterest shares rose 1.4% to $18.70, while the company reported quarterly earnings of $0.43 per share and revenue of $1.18 billion, both above analyst expectations; revenue increased 18.2% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $27.90. Institutional investors own 88.81% of Pinterest’s outstanding shares.

Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Wanjiku Walcott sold 14,103 shares of the firm's stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $18.21, for a total transaction of $256,815.63. Following the transaction, the insider directly owned 658,902 shares of the company's stock, valued at $11,998,605.42. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Stock Up 1.4%

PINS stock traded up $0.25 during midday trading on Thursday, hitting $18.70. The company's stock had a trading volume of 11,740,292 shares, compared to its average volume of 16,997,105. The company's fifty day moving average price is $22.06 and its 200 day moving average price is $20.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $35.42. The stock has a market capitalization of $10.48 billion, a P/E ratio of 55.01, a PEG ratio of 1.20 and a beta of 0.90.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS 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 the consensus estimate of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. As a group, equities research analysts predict that Pinterest, Inc. will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Pinterest

A number of large investors have recently added to or reduced their stakes in PINS. Caitong International Asset Management Co. Ltd increased its holdings in shares of Pinterest by 2,017.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company's stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Pinterest during the 1st quarter worth about $43,000. MidFirst Bank acquired a new stake in shares of Pinterest during the 4th quarter worth about $44,000. Bessemer Group Inc. boosted its holdings in shares of Pinterest by 445.1% during the 1st quarter. Bessemer Group Inc. now owns 3,712 shares of the company's stock worth $68,000 after buying an additional 3,031 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Pinterest during the 4th quarter worth about $85,000. Institutional investors own 88.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PINS shares. Wall Street Zen raised Pinterest from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. BMO Capital Markets raised their target price on shares of Pinterest from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Evercore boosted their target price on shares of Pinterest from $27.00 to $29.00 and gave the stock an "in-line" rating in a report on Wednesday, August 5th. UBS Group upped their price target on shares of Pinterest from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company increased their price target on shares of Pinterest from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Eighteen analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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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