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

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $31.47, for a total value of $3,212,552.01. Following the transaction, the director now owns 8,414 shares of the company's stock, valued at $264,788.58. This represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 stock was 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 value of $3,180,906.28.

Pinterest Stock Up 3.9%

NYSE:PINS traded up $1.25 on Tuesday, hitting $33.16. The stock had a trading volume of 14,484,765 shares, compared to its average volume of 10,856,882. The business's fifty day moving average is $28.57 and its 200 day moving average is $31.26. The company has a market cap of $22.49 billion, a PE ratio of 12.33, a P/E/G ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its position in shares of Pinterest by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after buying an additional 11,925 shares during the last quarter. Swedbank AB boosted its position in Pinterest by 2,108.7% in the fourth quarter. Swedbank AB now owns 1,315,052 shares of the company's stock worth $38,137,000 after purchasing an additional 1,255,513 shares during the last quarter. Pacer Advisors Inc. boosted its position in Pinterest by 94.9% in the fourth quarter. Pacer Advisors Inc. now owns 53,033 shares of the company's stock worth $1,538,000 after purchasing an additional 25,828 shares during the last quarter. Golden State Equity Partners boosted its position in Pinterest by 23,687.8% in the fourth quarter. Golden State Equity Partners now owns 17,603 shares of the company's stock worth $510,000 after purchasing an additional 17,529 shares during the last quarter. Finally, OLD National Bancorp IN boosted its position in Pinterest by 3.5% in the fourth quarter. OLD National Bancorp IN now owns 448,099 shares of the company's stock worth $12,995,000 after purchasing an additional 14,968 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

PINS has been the subject of a number of research analyst reports. Oppenheimer boosted their price target on Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Benchmark lowered their target price on Pinterest from $55.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Morgan Stanley upped their target price on Pinterest from $28.00 to $37.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. KeyCorp upped their target price on Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, TD Cowen lowered their target price on Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. 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, Pinterest presently has an average rating of "Moderate Buy" and an average price target of $40.42.

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.