Pinterest, Inc. (NYSE:PINS) Insider Wanjiku Juanita Walcott Sells 12,253 Shares

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 12,253 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $32.24, for a total transaction of $395,036.72. Following the transaction, the insider now directly owns 228,510 shares in the company, valued at $7,367,162.40. The trade was a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wanjiku Juanita Walcott also recently made the following trade(s):

• On Monday, March 10th, Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock. The shares were sold at an average price of $32.85, for a total value of $219,766.50.

Pinterest Stock Performance

Pinterest stock opened at $32.29 on Friday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a market cap of $21.90 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.95 and a beta of 1.02. The business’s fifty day moving average is $34.64 and its two-hundred day moving average is $32.35.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share 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%. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on PINS shares. Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and increased their price target for the company from $34.00 to $47.00 in a report on Friday, February 7th. Piper Sandler restated a “neutral” rating and set a $41.00 price target (up from $36.00) on shares of Pinterest in a report on Friday, February 7th. Wedbush lifted their price objective on Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Barclays increased their target price on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, Cantor Fitzgerald lifted their price target on Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PINS. Hantz Financial Services Inc. lifted its stake in shares of Pinterest by 3.7% during the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after acquiring an additional 339 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Pinterest by 2.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after acquiring an additional 342 shares during the period. Ethos Financial Group LLC raised its position in shares of Pinterest by 3.1% during the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock valued at $342,000 after acquiring an additional 350 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Pinterest by 0.9% in the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock valued at $1,154,000 after purchasing an additional 372 shares during the period. Finally, Commerce Bank grew its stake in shares of Pinterest by 3.3% during the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Company Profile

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.