Pinterest, Inc. (NYSE:PINS) CAO Sells $140,890.75 in Stock

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,941 shares of Pinterest stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.75, for a total transaction of $140,890.75. Following the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,152,611.75. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Andrea Acosta also recently made the following trade(s):

• On Monday, February 24th, Andrea Acosta sold 3,667 shares of Pinterest stock. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82.

Pinterest Trading Down 0.4 %

Shares of PINS opened at $34.37 on Monday. The company has a market cap of $23.31 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The company’s fifty day simple moving average is $34.13 and its 200 day simple moving average is $32.27.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share 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%. As a group, research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Pinterest

Several institutional investors and hedge funds have recently modified their holdings of the stock. Probity Advisors Inc. increased its holdings in shares of Pinterest by 86.1% in the fourth quarter. Probity Advisors Inc. now owns 12,138 shares of the company’s stock valued at $352,000 after purchasing an additional 5,614 shares during the last quarter. Siemens Fonds Invest GmbH increased its holdings in shares of Pinterest by 679.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 48,408 shares of the company’s stock valued at $1,404,000 after purchasing an additional 42,197 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Pinterest in the fourth quarter valued at $6,747,000. Forum Financial Management LP increased its holdings in shares of Pinterest by 69.2% in the fourth quarter. Forum Financial Management LP now owns 14,854 shares of the company’s stock valued at $431,000 after purchasing an additional 6,074 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Pinterest by 4.4% in the fourth quarter. Toronto Dominion Bank now owns 81,252 shares of the company’s stock valued at $2,356,000 after purchasing an additional 3,410 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PINS shares. Wedbush lifted their price target on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. KeyCorp lifted their price target on shares of Pinterest from $37.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Morgan Stanley lifted their price target on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Oppenheimer lifted their price target on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.47.

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.