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

Key Points

• Benjamin Silbermann, Director of Pinterest, sold 102,083 shares for approximately $3.87 million, representing a 92.39% decrease in his holdings, leaving him with 8,414 shares valued at about $319,311.
• Pinterest's stock traded at $37.90, with a market cap of $25.71 billion and a P/E ratio of 83.71 following multiple sales by Silbermann over the past month.
• Despite missing earnings estimates, Pinterest reported a 15.5% year-over-year revenue increase and analysts maintain a consensus of “Moderate Buy” with an average price target of $41.81.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $37.95, for a total transaction of $3,874,049.85. Following the sale, the director directly owned 8,414 shares of the company's stock, valued at $319,311.30. This represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, July 16th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $36.01, for a total transaction of $3,676,008.83.
• On Wednesday, July 9th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $35.50, for a total transaction of $3,623,946.50.
• On Wednesday, July 2nd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $35.41, for a total transaction of $3,614,759.03.
• On Wednesday, June 25th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $35.99, for a total transaction of $3,673,967.17.
• On Wednesday, June 18th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $34.82, for a total transaction of $3,554,530.06.
• On Wednesday, June 11th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $34.81, for a total transaction 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 transaction 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 transaction 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 transaction of $3,279,926.79.
• On Wednesday, May 14th, Benjamin Silbermann sold 408,332 shares of Pinterest stock. The stock was sold at an average price of $33.16, for a total transaction of $13,540,289.12.

Pinterest Price Performance

Pinterest stock traded down $0.26 during trading hours on Tuesday, hitting $38.27. The company had a trading volume of 9,614,990 shares, compared to its average volume of 7,167,271. The firm has a market cap of $25.95 billion, a PE ratio of 13.97, a PEG ratio of 1.93 and a beta of 0.94. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The firm has a 50-day moving average of $34.90 and a 200 day moving average of $32.71.

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 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 business had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. During the same quarter in the previous year, the company earned $0.17 EPS. The business's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PINS. JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $35.00 to $40.00 in a research note on Tuesday, June 3rd. Wells Fargo & Company set a $42.00 target price on shares of Pinterest and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. KeyCorp upped their target price on shares of Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Piper Sandler reduced their target price on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Monness Crespi & Hardt reduced their target price on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $41.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Stephens Inc. AR grew its position in shares of Pinterest by 16.4% during the 2nd quarter. Stephens Inc. AR now owns 64,732 shares of the company's stock worth $2,321,000 after purchasing an additional 9,123 shares in the last quarter. Uhlmann Price Securities LLC grew its position in shares of Pinterest by 193.5% during the 2nd quarter. Uhlmann Price Securities LLC now owns 30,145 shares of the company's stock worth $1,081,000 after purchasing an additional 19,875 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Pinterest during the 2nd quarter worth approximately $270,000. Koshinski Asset Management Inc. acquired a new position in shares of Pinterest during the 2nd quarter worth approximately $226,000. Finally, Hartline Investment Corp acquired a new position in shares of Pinterest during the 2nd quarter worth approximately $262,000. Institutional investors and hedge funds own 88.81% of the company's stock.

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.