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Insider Selling: Pinterest (NYSE:PINS) Director Sells 2,100 Shares of Stock

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Key Points

  • Director Gokul Rajaram sold 2,100 shares of Pinterest on April 15 at an average price of $20.00 for $42,000, reducing his stake by 7.11% to 27,450 shares; the transaction was disclosed in an SEC filing and executed under a pre-arranged Rule 10b5-1 plan.
  • Pinterest shares traded around $20.08 with a one‑year range of $13.84–$39.93 and a market cap of about $13.36 billion; the company reported quarterly EPS of $0.67 (vs. $0.68 estimate) and revenue of $1.32 billion, up 14.3% year‑over‑year.
  • Recent management talk of a buyback has supported a rally, but large RSU grants raise dilution/governance concerns and multiple pending class action filings create notable headline and litigation risk.
  • MarketBeat previews top five stocks to own in May.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the sale, the director owned 27,450 shares of the company's stock, valued at approximately $549,000. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 Friday, March 6th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The stock was sold at an average price of $20.00, for a total value of $21,000.00.

Pinterest Stock Performance

Shares of NYSE PINS traded down $0.19 during mid-day trading on Thursday, reaching $20.08. The company had a trading volume of 14,588,305 shares, compared to its average volume of 18,954,783. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.21 and a beta of 0.88. The business's 50-day simple moving average is $18.27 and its 200 day simple moving average is $24.49.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company earned $0.56 EPS. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PINS. Elevated Capital Advisors LLC purchased a new position in Pinterest during the 4th quarter worth $26,000. N.E.W. Advisory Services LLC lifted its position in shares of Pinterest by 505.7% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company's stock worth $27,000 after buying an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company's stock worth $29,000 after buying an additional 883 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company's stock worth $29,000 after buying an additional 1,049 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in shares of Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company's stock worth $35,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Zacks Research raised Pinterest from a "strong sell" rating to a "hold" rating in a report on Friday, January 30th. BMO Capital Markets set a $28.00 price objective on Pinterest and gave the company an "outperform" rating in a report on Friday, February 13th. Oppenheimer dropped their price objective on shares of Pinterest from $36.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, February 13th. Cantor Fitzgerald set a $18.00 price objective on shares of Pinterest in a report on Friday, February 13th. Finally, Loop Capital lowered shares of Pinterest from a "buy" rating to a "hold" rating and dropped their price objective for the company from $45.00 to $18.00 in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Pinterest currently has an average rating of "Hold" and an average target price of $25.42.

View Our Latest Analysis on Pinterest

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

About Pinterest

(Get Free Report)

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate "Pins" — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company's primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

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Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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