Insider Selling: Pinterest, Inc. (NYSE:PINS) Director Sells 102,083 Shares of Stock

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $35.99, for a total transaction of $3,673,967.17. Following the transaction, the director now directly owns 8,414 shares of the company's stock, valued at approximately $302,819.86. This represents a 92.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Benjamin Silbermann also recently made the following trade(s):

• On Wednesday, June 18th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $34.82, for a total transaction of $3,554,530.06.
• On Wednesday, June 11th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $34.81, for a total transaction of $3,553,509.23.
• On Wednesday, June 4th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $33.21, for a total transaction of $3,390,176.43.
• On Wednesday, May 28th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $31.47, for a total value of $3,212,552.01.
• On Wednesday, May 21st, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $32.13, for a total value of $3,279,926.79.
• On Wednesday, May 14th, Benjamin Silbermann sold 408,332 shares of Pinterest stock. The stock was sold at an average price of $33.16, for a total value of $13,540,289.12.
• On Wednesday, April 2nd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $31.27, for a total transaction of $3,192,135.41.

Pinterest Trading Down 0.6%

NYSE PINS traded down $0.21 during trading hours on Thursday, reaching $35.13. 8,593,966 shares of the company traded hands, compared to its average volume of 10,945,561. The stock has a market capitalization of $23.83 billion, a PE ratio of 78.53, a PEG ratio of 1.74 and a beta of 0.91. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $44.79. The company has a 50 day moving average of $30.84 and a two-hundred day moving average of $31.70.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The business's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of Pinterest by 73.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock valued at $2,760,000 after acquiring an additional 37,829 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Pinterest by 91.3% in the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock worth $725,000 after purchasing an additional 11,925 shares during the period. Revolve Wealth Partners LLC bought a new stake in Pinterest during the fourth quarter valued at $252,000. Farther Finance Advisors LLC raised its holdings in shares of Pinterest by 642.8% during the first quarter. Farther Finance Advisors LLC now owns 9,404 shares of the company's stock worth $292,000 after purchasing an additional 8,138 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Pinterest by 27.2% during the fourth quarter. US Bancorp DE now owns 23,698 shares of the company's stock worth $687,000 after purchasing an additional 5,063 shares during the period. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

PINS has been the subject of several research reports. Piper Sandler decreased their price objective on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Benchmark cut their price objective on Pinterest from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Oppenheimer upped their target price on Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Guggenheim lowered their target price on Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.52.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.

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