Insider Selling: Pinterest (NYSE:PINS) Director Sells 46,875 Shares

Key Points

• Pinterest director Benjamin Silbermann sold 46,875 shares at an average price of $23.88, generating approximately $1.12 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan and follows several similar sales since June.
• Pinterest reported quarterly earnings of $0.43 per share, beating estimates of $0.36, while revenue rose 18.2% year over year to $1.18 billion, above expectations.
• Analyst sentiment is mixed, with the stock carrying an average “Hold” rating and a consensus price target of $27.90; shares recently traded at $22.93.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $23.88, for a total transaction of $1,119,375.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were sold at an average price of $22.63, for a total transaction of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.45, for a total transaction of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.99, for a total transaction of $937,031.25.
• On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.15, for a total value of $991,406.25.
• On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.78, for a total value of $1,020,937.50.
• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Stock Performance

Shares of PINS stock traded down $0.82 during trading hours on Wednesday, reaching $22.93. The stock had a trading volume of 10,742,259 shares, compared to its average volume of 17,750,107. The firm has a market capitalization of $12.84 billion, a PE ratio of 67.44, a price-to-earnings-growth ratio of 1.28 and a beta of 0.90. The firm has a 50-day simple moving average of $22.23 and a 200-day simple moving average of $20.42. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $38.57. 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 (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate 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 net margin of 5.46% and a return on equity of 7.49%. Pinterest's revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. As a group, equities analysts forecast that Pinterest, Inc. will post 0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PINS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $24.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Benchmark decreased their price target on Pinterest from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Mizuho lifted their price objective on shares of Pinterest from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Evercore lifted their price objective on shares of Pinterest from $27.00 to $29.00 and gave the company an "in-line" rating in a research note on Wednesday, August 5th. Finally, Guggenheim upped their price objective on shares of Pinterest from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $27.90.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Forsta AP Fonden increased its holdings in shares of Pinterest by 61.2% in the 4th quarter. Forsta AP Fonden now owns 397,400 shares of the company's stock valued at $10,289,000 after purchasing an additional 150,900 shares during the period. Amundi boosted its holdings in shares of Pinterest by 38.3% during the first quarter. Amundi now owns 3,200,829 shares of the company's stock worth $58,703,000 after purchasing an additional 885,927 shares during the period. Jefferies Financial Group Inc. purchased a new position in Pinterest during the fourth quarter valued at approximately $12,812,000. KLP Kapitalforvaltning AS grew its position in Pinterest by 103.4% during the fourth quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company's stock valued at $21,709,000 after purchasing an additional 426,300 shares in the last quarter. Finally, Freemont Management S.A. purchased a new position in Pinterest during the fourth quarter valued at approximately $2,540,000. Institutional investors own 88.81% of the company's stock.

Pinterest Company Profile

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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