Insider Selling: Pinterest, Inc. (NYSE:PINS) Director Sells 1,934 Shares of Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the completion of the sale, the director now owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, March 20th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40.

Pinterest Price Performance

Shares of PINS stock traded up $0.18 during trading on Wednesday, hitting $32.88. 4,930,230 shares of the stock traded hands, compared to its average volume of 9,574,182. The firm has a market capitalization of $22.32 billion, a P/E ratio of -544.91, a price-to-earnings-growth ratio of 4.47 and a beta of 0.99. The firm’s fifty day moving average price is $35.19 and its 200-day moving average price is $33.95. Pinterest, Inc. has a 52-week low of $20.60 and a 52-week high of $41.60.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. As a group, equities research analysts expect that Pinterest, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PINS. Wedbush lifted their price objective on shares of Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Evercore ISI boosted their target price on shares of Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Stifel Nicolaus boosted their target price on shares of Pinterest from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Royal Bank of Canada lifted their price objective on shares of Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $45.00 price objective on shares of Pinterest in a research note on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.97.

Institutional Trading of Pinterest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Pinterest by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 56,348,952 shares of the company’s stock worth $2,087,165,000 after acquiring an additional 1,439,595 shares in the last quarter. BlackRock Inc. grew its stake in shares of Pinterest by 7.4% in the first quarter. BlackRock Inc. now owns 33,930,328 shares of the company’s stock worth $925,280,000 after acquiring an additional 2,349,424 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Pinterest by 28.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,743,947 shares of the company’s stock worth $702,039,000 after acquiring an additional 5,670,073 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Pinterest by 1.5% in the second quarter. Macquarie Group Ltd. now owns 13,145,182 shares of the company’s stock worth $238,716,000 after acquiring an additional 191,507 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Pinterest by 2.0% in the first quarter. State Street Corp now owns 12,143,900 shares of the company’s stock worth $298,861,000 after acquiring an additional 235,403 shares in the last quarter. Hedge funds and other 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.