Insider Selling: Pinterest, Inc. (NYSE:PINS) Director Sells 1,150 Shares of Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the transaction, the director now owns 29,086 shares in the company, valued at $1,139,880.34. The trade was a 3.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gokul Rajaram also recently made the following trade(s):

• On Wednesday, January 15th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50.
• On Wednesday, December 18th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $30.98, for a total transaction of $35,627.00.

Pinterest Price Performance

Pinterest stock opened at $37.68 on Friday. The stock’s 50 day moving average is $32.78 and its 200 day moving average is $31.78. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The firm has a market cap of $25.55 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.90 and a beta of 1.06.

Pinterest (NYSE:PINS) last issued 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%. Equities analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Roth Mkm reduced their price target on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Oppenheimer raised their target price on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Guggenheim boosted their price target on Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. TD Cowen began coverage on Pinterest in a research note on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

Hedge Funds Weigh In On Pinterest

Several hedge funds and other institutional investors have recently bought and sold shares of PINS. Price T Rowe Associates Inc. MD raised its position in shares of Pinterest by 104.3% in 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 in the last quarter. Ameriprise Financial Inc. grew its stake in Pinterest by 49.7% during the fourth 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 period. State Street Corp increased its holdings in Pinterest by 1.2% in the third quarter. State Street Corp now owns 12,773,652 shares of the company’s stock worth $413,483,000 after purchasing an additional 156,748 shares in the last quarter. FMR LLC lifted its stake in Pinterest by 2.6% in the fourth 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 period. Finally, Norges Bank acquired a new position in Pinterest in the fourth quarter valued at approximately $358,205,000. 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.