Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann Sells 102,083 Shares

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $34.82, for a total value of $3,554,530.06. Following the sale, the director now directly owns 8,414 shares in the company, valued at $292,975.48. This represents a 92.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, June 11th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $34.81, for a total value of $3,553,509.23.
• On Wednesday, June 4th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $33.21, for a total value of $3,390,176.43.
• On Wednesday, May 28th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were 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 shares were sold at an average price of $32.13, for a total value 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 shares were sold at an average price of $31.27, for a total value 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.

Pinterest Trading Down 1.6%

PINS stock traded down $0.55 during trading on Friday, hitting $34.23. The company had a trading volume of 10,859,560 shares, compared to its average volume of 10,930,646. The business has a 50-day moving average of $30.12 and a 200-day moving average of $31.62. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The stock has a market cap of $23.21 billion, a PE ratio of 77.29, a PEG ratio of 1.72 and a beta of 0.91.

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). The business had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. Pinterest had a return on equity of 8.13% and a net margin of 50.41%. Pinterest's quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. Research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PINS. Guggenheim reduced their target price on Pinterest from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Benchmark cut their price objective on Pinterest from $55.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Piper Sandler reduced their price objective on Pinterest from $41.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Oppenheimer increased their target price on Pinterest from $36.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, KeyCorp lifted their price target on Pinterest from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.42.

Hedge Funds Weigh In On Pinterest

Institutional investors and hedge funds have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC bought a new position in shares of Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. bought a new position in shares of Pinterest during the 1st quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of Pinterest during the 4th quarter worth approximately $28,000. NBC Securities Inc. boosted its holdings 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 buying an additional 999 shares in the last quarter. Finally, American National Bank & Trust bought a new position in shares of Pinterest during the 1st quarter worth approximately $32,000. 88.81% of the stock is currently owned by institutional investors.

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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