Pinterest, Inc. (NYSE:PINS) CFO Sells $1,322,684.92 in Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 38,596 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $34.27, for a total transaction of $1,322,684.92. Following the sale, the chief financial officer now owns 231,879 shares of the company’s stock, valued at $7,946,493.33. This trade represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Pinterest Price Performance

NYSE:PINS opened at $34.37 on Monday. The company has a market cap of $23.31 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The stock’s 50 day simple moving average is $34.13 and its two-hundred day simple moving average is $32.27.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share 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%. As a group, analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Institutional Trading of Pinterest

A number of large investors have recently made changes to their positions in PINS. Probity Advisors Inc. grew its position in Pinterest by 86.1% in the fourth quarter. Probity Advisors Inc. now owns 12,138 shares of the company’s stock worth $352,000 after acquiring an additional 5,614 shares in the last quarter. Siemens Fonds Invest GmbH lifted its stake in shares of Pinterest by 679.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 48,408 shares of the company’s stock valued at $1,404,000 after purchasing an additional 42,197 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Pinterest in the 4th quarter worth approximately $6,747,000. Forum Financial Management LP increased its position in shares of Pinterest by 69.2% during the 4th quarter. Forum Financial Management LP now owns 14,854 shares of the company’s stock valued at $431,000 after purchasing an additional 6,074 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Pinterest by 4.4% during the 4th quarter. Toronto Dominion Bank now owns 81,252 shares of the company’s stock valued at $2,356,000 after purchasing an additional 3,410 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on PINS. The Goldman Sachs Group lifted their price target on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their target price on Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. KeyCorp raised their price objective on Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Roth Capital set a $32.00 price objective on Pinterest in a research note on Monday, February 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.47.

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.