Insider Selling: Pinterest, Inc. (NYSE:PINS) CFO Sells 29,605 Shares of Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 29,605 shares of Pinterest stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $33.95, for a total transaction of $1,005,089.75. Following the transaction, the chief financial officer now owns 166,408 shares of the company’s stock, valued at $5,649,551.60. This represents a 15.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Donnelly Julia Brau also recently made the following trade(s):

• On Friday, March 7th, Donnelly Julia Brau sold 38,596 shares of Pinterest stock. The shares were sold at an average price of $34.27, for a total transaction of $1,322,684.92.

Pinterest Stock Performance

NYSE:PINS opened at $34.05 on Tuesday. The business’s fifty day moving average is $34.46 and its 200 day moving average is $32.31. The firm has a market cap of $23.09 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last announced 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 predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Guggenheim raised Pinterest from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $39.00 to $40.00 in a research note on Monday. TD Cowen began coverage on Pinterest in a research report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price target for the company. Cantor Fitzgerald lifted their price objective on shares of Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Barclays increased their target price on shares of Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, Wedbush boosted their price target on shares of Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position 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 worth $737,533,000 after buying an additional 12,986,310 shares in the last quarter. Norges Bank bought a new position in Pinterest in the 4th quarter worth about $358,205,000. Marshall Wace LLP raised its holdings in shares of Pinterest by 134.1% in the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock valued at $310,352,000 after acquiring an additional 6,129,985 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Pinterest during the 3rd quarter valued at about $153,829,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of 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 in the last quarter. 88.81% of the stock is owned by institutional investors.

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.