Pinterest, Inc. (NYSE:PINS) Shares Bought by Northern Right Capital Management L.P.

Northern Right Capital Management L.P. boosted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 83.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 571,090 shares of the company's stock after purchasing an additional 260,000 shares during the quarter. Pinterest comprises 6.1% of Northern Right Capital Management L.P.'s investment portfolio, making the stock its 7th largest holding. Northern Right Capital Management L.P. owned 0.08% of Pinterest worth $16,562,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Whipplewood Advisors LLC purchased a new position in Pinterest in the 4th quarter valued at $28,000. GAMMA Investing LLC boosted its holdings in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after acquiring an additional 415 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its stake in shares of Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after acquiring an additional 1,204 shares during the period. V Square Quantitative Management LLC raised its holdings in Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after purchasing an additional 590 shares in the last quarter. Finally, Huntington National Bank lifted its position in Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after purchasing an additional 1,680 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Trading Up 1.6 %

Pinterest stock traded up $0.41 during midday trading on Thursday, reaching $25.73. 5,554,165 shares of the stock traded hands, compared to its average volume of 10,526,530. The firm has a fifty day moving average price of $30.10 and a two-hundred day moving average price of $31.49. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on PINS. Citigroup decreased their price objective on shares of Pinterest from $47.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 14th. TD Cowen lowered their target price on shares of Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Raymond James cut shares of Pinterest from an "overweight" rating to a "market perform" rating in a research report on Monday, April 7th. KeyCorp cut their price objective on Pinterest from $41.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank of Canada raised their price objective on Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.10.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total value of $31,050.00. Following the completion of the sale, the director now owns 26,786 shares in the company, valued at $723,222. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the transaction, the insider now directly owns 254,211 shares in the company, valued at approximately $8,350,831.35. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 453,836 shares of company stock worth $14,828,392 over the last ninety days. Company insiders own 7.11% 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.