Pinterest, Inc. (NYSE:PINS) CAO Sells $137,365.82 in Stock

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,667 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Andrea Acosta also recently made the following trade(s):

• On Wednesday, November 27th, Andrea Acosta sold 3,845 shares of Pinterest stock. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60.

Pinterest Stock Performance

Shares of NYSE PINS opened at $36.20 on Friday. The stock has a market cap of $24.55 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.95 and a beta of 1.06. The business has a 50 day simple moving average of $33.30 and a 200 day simple moving average of $32.03. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Institutional Trading of Pinterest

A number of institutional investors and hedge funds have recently modified their holdings of PINS. Price T Rowe Associates Inc. MD lifted its position in Pinterest by 104.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock worth $737,533,000 after acquiring an additional 12,986,310 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Pinterest by 49.7% during the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock worth $395,441,000 after purchasing an additional 4,527,902 shares during the last quarter. State Street Corp boosted its stake in Pinterest by 1.2% during the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company’s stock valued at $413,483,000 after purchasing an additional 156,748 shares during the period. FMR LLC grew its holdings in Pinterest by 2.6% in the 4th quarter. FMR LLC now owns 12,599,356 shares of the company’s stock valued at $365,381,000 after buying an additional 316,633 shares during the last quarter. Finally, Norges Bank bought a new position in Pinterest in the 4th quarter worth approximately $358,205,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Cantor Fitzgerald boosted their price objective on Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Monness Crespi & Hardt raised Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, January 10th. Wells Fargo & Company boosted their price target on shares of Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Guggenheim raised their price objective on shares of Pinterest from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and a consensus price target of $43.47.

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.