Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau Sells 29,605 Shares of Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 29,605 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $33.95, for a total value of $1,005,089.75. Following the sale, the chief financial officer now directly owns 166,408 shares in the company, valued at approximately $5,649,551.60. This trade represents a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Donnelly Julia Brau also recently made the following trade(s):

• On Friday, March 7th, Donnelly Julia Brau sold 38,596 shares of Pinterest stock. The stock was sold at an average price of $34.27, for a total transaction of $1,322,684.92.

Pinterest Trading Up 5.0 %

Shares of PINS opened at $34.05 on Tuesday. The firm’s fifty day simple moving average is $34.46 and its two-hundred day simple moving average is $32.31. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The stock has a market capitalization of $23.09 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 6th. The company reported $0.33 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%. As a group, research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PINS. Raymond James upped their price target on shares of Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Piper Sandler restated a “neutral” rating and set a $41.00 price objective (up from $36.00) on shares of Pinterest in a research report on Friday, February 7th. Morgan Stanley raised their target price on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price objective (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Finally, Wells Fargo & Company lifted their target price on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Institutional Trading of Pinterest

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