Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann Sells 102,083 Shares

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the completion of the sale, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $195,497.84. The trade was a 94.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Pinterest Stock Performance

Shares of Pinterest stock traded down $0.21 on Thursday, hitting $31.40. The stock had a trading volume of 11,045,435 shares, compared to its average volume of 9,844,888. The stock has a 50 day moving average of $34.34 and a 200 day moving average of $32.27. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The firm has a market capitalization of $21.29 billion, a P/E ratio of 11.67, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Equities analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Institutional Trading of Pinterest

Several institutional investors have recently added to or reduced their stakes in the stock. 111 Capital bought a new stake in Pinterest in the fourth quarter valued at approximately $301,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Pinterest by 134.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 92,649 shares of the company’s stock valued at $2,687,000 after acquiring an additional 53,081 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in Pinterest in the fourth quarter valued at approximately $5,608,000. Probity Advisors Inc. boosted its holdings in 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 acquiring an additional 5,614 shares during the last quarter. Finally, Siemens Fonds Invest GmbH boosted its holdings in 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 acquiring an additional 42,197 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Benchmark raised shares of Pinterest from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Friday, February 7th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Cantor Fitzgerald upped their price objective on shares of Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Roth Capital set a $32.00 price objective on shares of Pinterest in a research report on Monday, February 3rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.30.

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.