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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $21.56, for a total value of $1,010,625.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 6th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.66, for a total value of $921,562.50.
• On Tuesday, September 29th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $18.33, for a total value of $859,218.75.
• On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.50, for a total value of $914,062.50.
• On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.22, for a total value of $900,937.50.
• On Tuesday, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.07, for a total value of $940,781.25.
• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The shares were sold at an average price of $21.43, for a total value 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 value of $1,102,968.75.
• On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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.

Pinterest Price Performance

Shares of NYSE:PINS opened at $21.76 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $35.42. The company has a market capitalization of $12.19 billion, a P/E ratio of 64.00, a P/E/G ratio of 1.46 and a beta of 0.90. The firm’s 50 day simple moving average is $21.00 and its two-hundred day simple moving average is $20.89.

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

Wall Street Analyst Weigh In

Several analysts have commented on PINS shares. TD Cowen reiterated a “buy” rating on shares of Pinterest in a research note on Monday, June 22nd. Royal Bank Of Canada increased their price objective on shares of Pinterest from $23.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Jefferies Financial Group upgraded Pinterest from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. Wells Fargo & Company raised their price objective on Pinterest from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets lifted their target price on Pinterest from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, Pinterest has a consensus rating of “Hold” and an average target price of $27.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in Pinterest by 271.1% during the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock valued at $109,831,000 after purchasing an additional 4,375,000 shares during the period. Amundi lifted its stake in shares of Pinterest by 38.3% in the 1st quarter. Amundi now owns 3,200,829 shares of the company’s stock valued at $58,703,000 after purchasing an additional 885,927 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Pinterest by 15.4% in the 1st quarter. Bank of America Corp DE now owns 5,848,116 shares of the company’s stock valued at $107,254,000 after purchasing an additional 779,998 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Pinterest by 32.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,951,421 shares of the company’s stock worth $76,412,000 after purchasing an additional 730,358 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Pinterest by 184.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,098,432 shares of the company’s stock worth $23,100,000 after purchasing an additional 712,569 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

About Pinterest

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.