Pinterest, Inc. (NYSE:PINS) Chairman Sells $3,742,500.00 in Stock

Pinterest, Inc. (NYSE:PINSGet Rating) Chairman Benjamin Silbermann sold 150,000 shares of Pinterest stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $24.95, for a total transaction of $3,742,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Monday, November 21st, Benjamin Silbermann sold 150,000 shares of Pinterest stock. The shares were sold at an average price of $23.81, for a total transaction of $3,571,500.00.
  • On Friday, November 18th, Benjamin Silbermann sold 150,000 shares of Pinterest stock. The shares were sold at an average price of $24.33, for a total transaction of $3,649,500.00.
  • On Wednesday, November 16th, Benjamin Silbermann sold 123,578 shares of Pinterest stock. The stock was sold at an average price of $25.09, for a total transaction of $3,100,572.02.
  • On Monday, November 14th, Benjamin Silbermann sold 150,000 shares of Pinterest stock. The shares were sold at an average price of $24.50, for a total value of $3,675,000.00.

Pinterest Price Performance

Shares of NYSE PINS opened at $25.03 on Thursday. The firm has a market capitalization of $16.98 billion, a PE ratio of 357.62 and a beta of 0.99. Pinterest, Inc. has a 1-year low of $16.14 and a 1-year high of $43.24. The business’s fifty day moving average price is $23.62 and its two-hundred day moving average price is $21.78.

Wall Street Analyst Weigh In

PINS has been the topic of a number of research reports. Rosenblatt Securities upped their price target on Pinterest from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, November 15th. KeyCorp lifted their price target on Pinterest from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, August 2nd. Evercore ISI lifted their price target on shares of Pinterest from $24.00 to $28.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 2nd. Piper Sandler boosted their price objective on shares of Pinterest from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, October 28th. Finally, Susquehanna Bancshares raised shares of Pinterest to a “positive” rating and increased their price objective for the stock from $22.00 to $35.00 in a research report on Tuesday, August 2nd. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.68.

Institutional Trading of Pinterest

A number of large investors have recently bought and sold shares of PINS. Allworth Financial LP increased its stake in shares of Pinterest by 134.4% in the 2nd quarter. Allworth Financial LP now owns 1,390 shares of the company’s stock valued at $25,000 after purchasing an additional 797 shares during the last quarter. Cohanzick Management LLC bought a new position in shares of Pinterest during the first quarter valued at about $25,000. Manchester Capital Management LLC boosted its position in Pinterest by 2,668.9% during the 3rd quarter. Manchester Capital Management LLC now owns 1,246 shares of the company’s stock valued at $29,000 after acquiring an additional 1,201 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Pinterest by 212.0% in the 1st quarter. First Horizon Advisors Inc. now owns 1,404 shares of the company’s stock worth $35,000 after acquiring an additional 954 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Pinterest during the 3rd quarter valued at $38,000. 70.78% of the stock is currently owned by institutional investors.

About Pinterest

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Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

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Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

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