Pinterest, Inc. (NYSE:PINS) CAO Sells $119,761.74 in Stock

Pinterest, Inc. (NYSE:PINS - Get Free Report) CAO Andrea Acosta sold 3,759 shares of Pinterest stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $31.86, for a total transaction of $119,761.74. Following the transaction, the chief accounting officer now directly owns 171,373 shares of the company's stock, valued at $5,459,943.78. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Andrea Acosta also recently made the following trade(s):

• On Thursday, March 6th, Andrea Acosta sold 3,941 shares of Pinterest stock. The shares were sold at an average price of $35.75, for a total transaction of $140,890.75.
• On Monday, February 24th, Andrea Acosta sold 3,667 shares of Pinterest stock. The shares were sold at an average price of $37.46, for a total value of $137,365.82.

Pinterest Stock Performance

Shares of PINS traded down $0.83 during trading hours on Friday, hitting $30.92. The stock had a trading volume of 6,213,464 shares, compared to its average volume of 10,776,907. The firm has a 50-day moving average price of $28.74 and a 200 day moving average price of $31.23. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The firm has a market capitalization of $20.97 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.95 and a beta of 0.83.

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 analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. During the same quarter last year, the company posted $0.17 EPS. The company's revenue was up 15.5% on a year-over-year basis. As a group, analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Pinterest

A number of hedge funds have recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Pinterest in the 1st quarter worth $25,000. Garde Capital Inc. acquired a new stake in Pinterest during the first quarter worth $26,000. Whipplewood Advisors LLC purchased a new position in shares of Pinterest during the 4th quarter worth $28,000. NBC Securities Inc. increased its position in shares of Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after purchasing an additional 999 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in Pinterest in the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Analyst Upgrades and Downgrades

PINS has been the topic of a number of recent research reports. Bank of America dropped their price target on Pinterest from $46.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada raised their target price on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. BMO Capital Markets lowered their price target on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Monness Crespi & Hardt cut their price objective on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, KeyCorp boosted their price objective on shares of Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.