Pinterest, Inc. (NYSE:PINS) CFO Sells $1,014,005.50 in Stock

Pinterest, Inc. (NYSE:PINS - Get Free Report) CFO Donnelly Julia Brau sold 29,606 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total value of $1,014,005.50. Following the transaction, the chief financial officer now owns 362,890 shares in the company, valued at approximately $12,428,982.50. This represents a 7.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Pinterest Price Performance

PINS traded down $0.37 on Wednesday, reaching $35.37. 7,637,451 shares of the stock were exchanged, compared to its average volume of 10,930,283. The company's 50-day moving average price is $30.84 and its 200 day moving average price is $31.70. The firm has a market capitalization of $23.99 billion, a PE ratio of 79.42, a PEG ratio of 1.76 and a beta of 0.91. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $44.79.

Pinterest (NYSE:PINS - Get Free Report) last released its 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 return on equity of 8.13% and a net margin of 50.41%. The firm had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. During the same period last year, the firm earned $0.17 EPS. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Benchmark cut their target price on shares of Pinterest from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $40.00 in a report on Tuesday, June 3rd. Morgan Stanley boosted their price objective on shares of Pinterest from $28.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Wells Fargo & Company dropped their target price on Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Finally, Barclays reduced their price target on Pinterest from $42.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and an average target price of $40.52.

Institutional Inflows and Outflows

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

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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