Pinterest (NYSE:PINS) Director Sells $3,558,613.38 in Stock

Key Points

• Pinterest Director Benjamin Silbermann sold 102,083 shares of stock for over $3.5 million on September 24, 2023, at an average price of $34.86 per share.
• The company's recent earnings report revealed an EPS of $0.33, slightly missing the consensus estimate, while revenue increased by 16.9% year-over-year.
• Analysts maintain a predominantly positive outlook on Pinterest, with numerous firms adjusting their target prices upward, contributing to a consensus rating of "Moderate Buy".

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total transaction of $3,558,613.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, September 17th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $36.66, for a total transaction of $3,742,362.78.
• On Wednesday, September 10th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $35.09, for a total transaction of $3,582,092.47.
• On Wednesday, September 3rd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $37.04, for a total transaction of $3,781,154.32.
• On Wednesday, August 27th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $36.03, for a total transaction of $3,678,050.49.
• On Wednesday, August 20th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $34.96, for a total transaction of $3,568,821.68.
• On Wednesday, July 23rd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $37.95, for a total transaction of $3,874,049.85.
• On Wednesday, July 16th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were 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 shares were 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.

Pinterest Price Performance

Shares of PINS stock traded up $0.40 on Thursday, hitting $33.40. The company's stock had a trading volume of 12,111,866 shares, compared to its average volume of 11,487,996. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The firm's fifty day moving average price is $36.64 and its 200-day moving average price is $33.12. The stock has a market capitalization of $22.71 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.48 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same period in the previous year, the firm posted $0.29 EPS. The firm's revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PINS. Stifel Nicolaus boosted their target price on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. KeyCorp boosted their target price on shares of Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Piper Sandler set a $40.00 target price on shares of Pinterest in a research report on Friday, August 8th. JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Finally, Sanford C. Bernstein boosted their target price on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Twenty-four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.38.

Institutional Trading of Pinterest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Snowden Capital Advisors LLC increased its stake in Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company's stock valued at $253,000 after acquiring an additional 296 shares during the period. Penserra Capital Management LLC grew its stake in Pinterest by 10.1% during the second quarter. Penserra Capital Management LLC now owns 3,259 shares of the company's stock worth $115,000 after buying an additional 300 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company's stock worth $340,000 after buying an additional 358 shares during the last quarter. Baltimore Washington Financial Advisors Inc. grew its stake in Pinterest by 3.6% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company's stock worth $369,000 after buying an additional 359 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC grew its stake in Pinterest by 5.8% during the second quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company's stock worth $237,000 after buying an additional 361 shares during the last quarter. Institutional investors 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.

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