Donnelly Julia Brau Sells 29,606 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 29,606 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the sale, the chief financial officer now owns 362,890 shares of the company’s stock, valued at $12,428,982.50. This represents a 7.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Pinterest Trading Down 1.0%

Shares of PINS stock opened at $35.37 on Thursday. The stock has a 50 day simple moving average of $30.84 and a 200-day simple moving average of $31.70. The company has a market cap of $23.99 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $44.79.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The business had revenue of $854.99 million during the quarter, compared to analysts’ expectations of $848.49 million. During the same quarter in the previous year, the company posted $0.17 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. On average, equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pinterest

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ethos Financial Group LLC boosted its holdings in Pinterest by 3.1% during the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock worth $342,000 after buying an additional 350 shares in the last quarter. Amalgamated Bank lifted its position in shares of Pinterest by 0.9% during the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock valued at $1,154,000 after acquiring an additional 372 shares during the period. Riverpark Capital Management LLC boosted its stake in shares of Pinterest by 1.2% during the 1st quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company’s stock worth $987,000 after acquiring an additional 377 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Pinterest by 20.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company’s stock worth $75,000 after acquiring an additional 429 shares in the last quarter. Finally, Redwood Investment Management LLC grew its holdings in shares of Pinterest by 3.2% in the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company’s stock worth $463,000 after acquiring an additional 495 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on PINS shares. Citigroup increased their target price on shares of Pinterest from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday. Raymond James Financial cut Pinterest from an “overweight” rating to a “market perform” rating in a research report on Monday, April 7th. JPMorgan Chase & Co. raised Pinterest from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $35.00 to $40.00 in a report on Tuesday, June 3rd. Wolfe Research upgraded Pinterest from a “peer perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Thursday, May 15th. Finally, Guggenheim reduced their price objective on Pinterest from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.52.

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.