Pinterest (NYSE:PINS) Stock: Insider Gokul Rajaram Sells 1,050 Shares

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,050 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $22.84, for a total transaction of $23,982.00. Following the sale, the director directly owned 35,146 shares in the company, valued at approximately $802,734.64. This represents a 2.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gokul Rajaram also recently made the following trade(s):

• On Monday, October 5th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The shares were sold at an average price of $20.00, for a total transaction of $21,000.00.
• On Wednesday, August 19th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The shares were sold at an average price of $23.03, for a total transaction of $24,181.50.

Pinterest Trading Up 0.1%

NYSE PINS opened at $22.96 on Friday. The company has a fifty day simple moving average of $20.90 and a two-hundred day simple moving average of $21.09. The stock has a market cap of $12.86 billion, a P/E ratio of 67.54, a P/E/G ratio of 1.63 and a beta of 0.90. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $35.42. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts forecast that Pinterest, Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Evercore lifted their price target on Pinterest from $27.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 5th. Citigroup increased their price objective on Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on Pinterest from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. DA Davidson lifted their target price on Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Mizuho increased their price target on shares of Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in Pinterest during the 3rd quarter worth about $31,000. Boothe Investment Group Inc. raised its stake in shares of Pinterest by 5.5% during the 3rd quarter. Boothe Investment Group Inc. now owns 730,485 shares of the company’s stock valued at $13,799,000 after buying an additional 38,234 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Pinterest by 17.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 16,113 shares of the company’s stock valued at $304,000 after buying an additional 2,417 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new position in shares of Pinterest in the 3rd quarter valued at about $34,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Pinterest in the 3rd quarter valued at about $1,251,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Company Profile

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.