Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram Sells 1,150 Shares of Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total value of $31,050.00. Following the sale, the director now directly owns 26,786 shares of the company’s stock, valued at $723,222. This represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, February 19th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $39.19, for a total value of $45,068.50.

Pinterest Stock Up 0.5 %

NYSE PINS opened at $25.74 on Friday. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The firm has a market capitalization of $17.46 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.95 and a beta of 0.99. The company has a fifty day moving average of $31.13 and a two-hundred day moving average of $31.70.

Pinterest (NYSE:PINS) last released its quarterly earnings results 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 return on equity of 8.10% and a net margin of 51.07%. Equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

PINS has been the topic of several analyst reports. Guggenheim reaffirmed a “buy” rating on shares of Pinterest in a report on Tuesday, April 1st. Bank of America lowered their target price on shares of Pinterest from $46.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $32.00 target price (down previously from $40.00) on shares of Pinterest in a report on Monday, January 13th. JPMorgan Chase & Co. decreased their price target on Pinterest from $42.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Raymond James lowered Pinterest from an “overweight” rating to a “market perform” rating in a research note on Monday, April 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.10.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. purchased a new stake in Pinterest in the first quarter worth $26,000. Whipplewood Advisors LLC bought a new stake in shares of Pinterest during the fourth quarter worth $28,000. GAMMA Investing LLC boosted its stake in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares during the period. Finally, NBC Securities Inc. grew its holdings in shares of Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock worth $31,000 after purchasing an additional 999 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

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.