Maytus Capital Management LLC Sells 100,000 Shares of Pinterest, Inc. (NYSE:PINS)

Maytus Capital Management LLC reduced its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 66.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the company's stock after selling 100,000 shares during the period. Maytus Capital Management LLC's holdings in Pinterest were worth $1,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares during the last quarter. Graypoint LLC purchased a new stake in Pinterest during the fourth quarter valued at about $317,000. Claro Advisors LLC bought a new stake in shares of Pinterest in the fourth quarter valued at approximately $226,000. Pallas Capital Advisors LLC boosted its holdings in Pinterest by 49.4% in the 4th quarter. Pallas Capital Advisors LLC now owns 23,304 shares of the company's stock worth $676,000 after buying an additional 7,709 shares during the period. Finally, Leibman Financial Services Inc. raised its holdings in Pinterest by 102.2% during the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock valued at $1,862,000 after acquiring an additional 32,464 shares during the period. 88.81% of the stock is owned by institutional investors.

Pinterest Stock Up 12.3%

PINS stock opened at $32.82 on Tuesday. The business's 50-day moving average price is $28.77 and its 200-day moving average price is $31.21. The stock has a market cap of $22.26 billion, a P/E ratio of 12.20, a PEG ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The firm had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. During the same period in the previous year, the company posted $0.17 earnings per share. Pinterest's quarterly revenue was up 15.5% on a year-over-year basis. On average, equities research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the completion of the sale, the insider now owns 254,211 shares of the company's stock, valued at $8,350,831.35. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total value of $31,050.00. Following the transaction, the director now directly owns 26,786 shares in the company, valued at $723,222. This represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 453,836 shares of company stock worth $14,828,392 over the last quarter. Company insiders own 7.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PINS. Rosenblatt Securities increased their price objective on Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Morgan Stanley raised their price target on Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. upped their target price on shares of Pinterest from $30.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday. Cantor Fitzgerald upped their price objective on Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, Monness Crespi & Hardt reduced their price objective on Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.27.

Pinterest Company Profile

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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