Pinterest (NYSE:PINS) Director Benjamin Silbermann Sells 46,875 Shares

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $20.07, for a total value of $940,781.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50.
• On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.53, for a total transaction of $1,102,968.75.
• On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.40, for a total transaction of $1,096,875.00.
• On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.88, for a total transaction of $1,119,375.00.
• On Tuesday, July 21st, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.54, for a total transaction of $1,056,562.50.
• On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.63, for a total transaction of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.45, for a total transaction of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.99, for a total transaction of $937,031.25.
• On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.15, for a total value of $991,406.25.

Pinterest Stock Performance

NYSE PINS opened at $18.34 on Thursday. The firm has a market capitalization of $10.28 billion, a P/E ratio of 53.96, a PEG ratio of 1.32 and a beta of 0.90. The stock has a 50-day simple moving average of $22.81 and a two-hundred day simple moving average of $20.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $37.05.

Pinterest (NYSE:PINS) last issued its earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, equities analysts forecast that Pinterest, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $30.00 target price on shares of Pinterest in a research note on Wednesday, August 5th. Barclays upped their price objective on shares of Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. DA Davidson raised their target price on Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. BMO Capital Markets upped their price target on Pinterest from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Robert W. Baird raised their price objective on Pinterest from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Eighteen analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.90.

Institutional Trading of Pinterest

A number of institutional investors and hedge funds have recently modified their holdings of PINS. Sequoia Financial Advisors LLC grew its position in Pinterest by 8.8% in the second quarter. Sequoia Financial Advisors LLC now owns 34,481 shares of the company’s stock worth $725,000 after acquiring an additional 2,793 shares during the period. Engineers Gate Manager LP increased its position in shares of Pinterest by 89.7% during the 2nd quarter. Engineers Gate Manager LP now owns 183,035 shares of the company’s stock worth $3,849,000 after purchasing an additional 86,560 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Pinterest by 15.0% in the 2nd quarter. NewEdge Advisors LLC now owns 87,223 shares of the company’s stock valued at $1,834,000 after buying an additional 11,382 shares during the period. Allworth Financial LP lifted its position in Pinterest by 8.7% in the second quarter. Allworth Financial LP now owns 16,941 shares of the company’s stock valued at $356,000 after buying an additional 1,360 shares during the last quarter. Finally, Nykredit A S acquired a new position in Pinterest in the second quarter valued at about $1,435,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.