Insider Selling: Pinterest, Inc. (NYSE:PINS) Director Sells 1,150 Shares of Stock

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $36.88, for a total transaction of $42,412.00. Following the transaction, the director owned 31,750 shares in the company, valued at $1,170,940. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, May 21st, Gokul Rajaram sold 1,150 shares of Pinterest stock. The stock was sold at an average price of $31.97, for a total value of $36,765.50.
• On Wednesday, April 23rd, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $27.00, for a total value of $31,050.00.

Pinterest Stock Performance

Shares of NYSE:PINS traded up $1.16 on Friday, hitting $37.24. The stock had a trading volume of 11,532,408 shares, compared to its average volume of 11,078,162. The firm's 50 day moving average price is $33.97 and its 200-day moving average price is $32.30. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $42.20. The company has a market capitalization of $25.26 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm 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%. Pinterest's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently bought and sold shares of PINS. Ninety One UK Ltd grew its holdings in Pinterest by 11.0% during the 2nd quarter. Ninety One UK Ltd now owns 6,689,112 shares of the company's stock worth $239,872,000 after acquiring an additional 661,757 shares during the last quarter. PFG Investments LLC grew its stake in shares of Pinterest by 8.7% during the second quarter. PFG Investments LLC now owns 10,384 shares of the company's stock valued at $372,000 after purchasing an additional 830 shares during the last quarter. Truist Financial Corp grew its stake in shares of Pinterest by 15.6% during the second quarter. Truist Financial Corp now owns 98,363 shares of the company's stock valued at $3,527,000 after purchasing an additional 13,267 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of Pinterest in the second quarter valued at approximately $70,000. Finally, Janney Montgomery Scott LLC raised its position in Pinterest by 15.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 103,057 shares of the company's stock worth $3,696,000 after purchasing an additional 14,023 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PINS has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their target price on Pinterest from $50.00 to $36.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Bank of America dropped their price target on Pinterest from $46.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Piper Sandler decreased their price objective on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company set a $42.00 price objective on shares of Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, TD Cowen upped their price target on shares of Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $41.19.

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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