Wanjiku Juanita Walcott Sells 6,690 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 6,690 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the transaction, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Pinterest Stock Down 1.1 %

NYSE PINS opened at $31.41 on Wednesday. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The business’s fifty day moving average is $34.23 and its 200 day moving average is $32.27.

Pinterest (NYSE:PINS) last released 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, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Royal Bank of Canada raised their price objective on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Roth Capital set a $32.00 price objective on Pinterest in a research note on Monday, February 3rd. Finally, Wedbush raised 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. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC acquired a new position in Pinterest during the 4th quarter worth about $28,000. GAMMA Investing LLC lifted its holdings in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after buying an additional 415 shares during the period. Crewe Advisors LLC lifted its holdings in Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after buying an additional 550 shares during the period. Strategic Investment Solutions Inc. IL lifted its holdings in Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after buying an additional 1,204 shares during the period. Finally, True Wealth Design LLC lifted its holdings in Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after buying an additional 1,487 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

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.