Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram Sells 1,150 Shares of Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the transaction, the director now owns 29,086 shares of the company’s stock, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, January 15th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50.
• On Wednesday, December 18th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The stock was sold at an average price of $30.98, for a total transaction of $35,627.00.

Pinterest Stock Performance

Shares of PINS opened at $38.72 on Thursday. The firm has a market capitalization of $26.26 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.91 and a beta of 1.06. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The stock has a 50 day moving average price of $32.60 and a two-hundred day moving average price of $31.72.

Pinterest (NYSE:PINS) last announced its quarterly earnings results 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 return on equity of 8.10% and a net margin of 51.07%. On average, equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wedbush lifted their target price on Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Benchmark upgraded shares of Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Friday, February 7th. Robert W. Baird reduced their price objective on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, UBS Group lowered their target price on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.86.

Institutional Trading of Pinterest

Several institutional investors and hedge funds have recently made changes to their positions in PINS. V Square Quantitative Management LLC purchased a new stake in Pinterest in the 3rd quarter valued at about $37,000. Blue Trust Inc. grew its holdings in shares of Pinterest by 244.6% in the third quarter. Blue Trust Inc. now owns 7,830 shares of the company’s stock valued at $253,000 after acquiring an additional 5,558 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Pinterest by 4,316.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 726,279 shares of the company’s stock valued at $23,510,000 after acquiring an additional 709,834 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Pinterest by 5.2% during the third quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock worth $205,000 after acquiring an additional 313 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Pinterest by 3,154.6% in the third quarter. International Assets Investment Management LLC now owns 29,845 shares of the company’s stock worth $922,000 after purchasing an additional 28,928 shares during the last quarter. Hedge funds and other institutional investors 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.