Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Gokul Rajaram sold 1,934 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the completion of the sale, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Gokul Rajaram also recently made the following trade(s):
- On Wednesday, March 20th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40.
Pinterest Price Performance
Shares of NYSE PINS opened at $32.78 on Thursday. The firm has a fifty day moving average price of $35.19 and a 200-day moving average price of $33.95. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on PINS. Wedbush increased their price objective on shares of Pinterest from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Evercore ISI increased their price objective on shares of Pinterest from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. KeyCorp increased their price objective on shares of Pinterest from $37.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. BMO Capital Markets began coverage on shares of Pinterest in a research report on Tuesday, January 9th. They set an “outperform” rating and a $45.00 price objective on the stock. Finally, Roth Mkm increased their price objective on shares of Pinterest from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.97.
Read Our Latest Research Report on PINS
Hedge Funds Weigh In On Pinterest
Several institutional investors have recently bought and sold shares of the stock. Deltec Asset Management LLC purchased a new position in Pinterest during the first quarter valued at $6,449,000. Hennion & Walsh Asset Management Inc. purchased a new position in Pinterest during the first quarter valued at $204,000. Wealth Enhancement Advisory Services LLC grew its stake in Pinterest by 12.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 27,636 shares of the company’s stock valued at $958,000 after acquiring an additional 3,101 shares in the last quarter. Eagle Rock Investment Company LLC grew its stake in Pinterest by 16.2% during the first quarter. Eagle Rock Investment Company LLC now owns 53,885 shares of the company’s stock valued at $1,868,000 after acquiring an additional 7,500 shares in the last quarter. Finally, First Financial Corp IN purchased a new position in Pinterest during the first quarter valued at $53,000. 88.81% of the stock is owned by hedge funds and other institutional investors.
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.
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