Insider Selling: Pinterest, Inc. (NYSE:PINS) Director Sells 102,083 Shares of Stock

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total value of $3,390,176.43. Following the transaction, the director now owns 8,414 shares of the company's stock, valued at $279,428.94. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, May 28th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $31.47, for a total value of $3,212,552.01.
• On Wednesday, May 21st, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $32.13, for a total transaction of $3,279,926.79.
• On Wednesday, May 14th, Benjamin Silbermann sold 408,332 shares of Pinterest stock. The shares were sold at an average price of $33.16, for a total value of $13,540,289.12.
• On Wednesday, April 2nd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $31.27, for a total transaction of $3,192,135.41.
• On Wednesday, March 26th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $33.71, for a total value of $3,441,217.93.
• On Wednesday, March 19th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28.

Pinterest Price Performance

NYSE PINS traded up $0.42 during mid-day trading on Friday, reaching $34.18. 8,105,663 shares of the stock were exchanged, compared to its average volume of 10,888,692. The stock has a market cap of $23.18 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.95 and a beta of 0.83. The stock has a 50 day simple moving average of $28.73 and a 200-day simple moving average of $31.34. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) 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 business had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. During the same quarter 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. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley upped their price target on shares of Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Citigroup increased their price objective on Pinterest from $38.00 to $41.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Monness Crespi & Hardt dropped their price target on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Wolfe Research raised Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target for the company in a research note on Thursday, May 15th. Finally, Cantor Fitzgerald upped their target price on Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PINS. Price T Rowe Associates Inc. MD boosted its stake in Pinterest by 104.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after purchasing an additional 12,986,310 shares during the last quarter. Norges Bank purchased a new position in shares of Pinterest in the fourth quarter worth about $358,205,000. Amundi raised its stake in shares of Pinterest by 618.9% during the 1st quarter. Amundi now owns 14,254,741 shares of the company's stock valued at $441,897,000 after purchasing an additional 12,271,958 shares during the period. Marshall Wace LLP lifted its holdings in shares of Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock worth $310,352,000 after buying an additional 6,129,985 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Pinterest by 49.7% in the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after purchasing an additional 4,527,902 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

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.