Insider Selling: Pinterest, Inc. (NYSE:PINS) Director Sells 102,083 Shares of Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $33.71, for a total transaction of $3,441,217.93. Following the completion of the sale, the director now owns 6,274 shares in the company, valued at approximately $211,496.54. This trade represents a 94.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, March 19th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28.

Pinterest Trading Down 2.3 %

Shares of PINS opened at $31.49 on Friday. The firm has a fifty day simple moving average of $34.66 and a two-hundred day simple moving average of $32.37. The firm has a market cap of $21.35 billion, a PE ratio of 11.70, a P/E/G ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. As a group, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Trading of Pinterest

Several large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Pinterest by 104.3% during 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 during the last quarter. Norges Bank purchased a new position in Pinterest during the fourth quarter valued at $358,205,000. Marshall Wace LLP grew its holdings in Pinterest by 134.1% during the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock valued at $310,352,000 after purchasing an additional 6,129,985 shares during the period. Point72 Asset Management L.P. purchased a new stake in Pinterest in the third quarter worth about $153,829,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Pinterest by 49.7% in the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock worth $395,441,000 after buying an additional 4,527,902 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PINS. Barclays raised their price objective on shares of Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price target (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Roth Capital set a $32.00 price objective on Pinterest in a report on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Wedbush upped their target price on shares of Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

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.