Gokul Rajaram Sells 1,934 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the sale, the director now directly owns 31,646 shares in the company, valued at $1,055,077.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 value of $65,949.40.

Pinterest Stock Performance

Pinterest stock opened at $32.92 on Friday. The business has a fifty day moving average of $34.87 and a two-hundred day moving average of $33.93. Pinterest, Inc. has a twelve month low of $20.60 and a twelve month high of $41.60.

Pinterest (NYSE:PINS) last posted its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. The company had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. On average, equities analysts forecast that Pinterest, Inc. will post 0.36 EPS for the current fiscal year.

Institutional Trading of Pinterest

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in shares of Pinterest during the 4th quarter valued at $27,000. Quarry LP purchased a new stake in shares of Pinterest during the 4th quarter valued at $27,000. Rakuten Securities Inc. purchased a new stake in shares of Pinterest during the 4th quarter valued at $30,000. Cohanzick Management LLC purchased a new stake in shares of Pinterest during the 1st quarter valued at $25,000. Finally, Washington Trust Advisors Inc. lifted its holdings in shares of Pinterest by 46.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Pinterest from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. BMO Capital Markets started coverage on Pinterest in a research note on Tuesday, January 9th. They set an “outperform” rating and a $45.00 price objective on the stock. KeyCorp upped their target price on Pinterest from $37.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. upped their target price on Pinterest from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada upped their target price on Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.97.

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.