Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann Sells 102,083 Shares

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the completion of the sale, the director now directly owns 6,274 shares of the company’s stock, valued at $195,497.84. The trade was a 94.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Pinterest Price Performance

Shares of Pinterest stock opened at $32.45 on Friday. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The stock’s 50-day moving average is $34.39 and its 200 day moving average is $32.28.

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

Institutional Investors Weigh In On Pinterest

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on PINS shares. Wells Fargo & Company increased their target price on shares of Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Roth Capital set a $32.00 target price on shares of Pinterest in a report on Monday, February 3rd. Oppenheimer lifted their price target on Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Cantor Fitzgerald upped their price objective on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Guggenheim raised their price objective on shares of Pinterest from $33.00 to $39.00 and gave the stock 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.30.

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.