Pinterest, Inc. (NYSE:PINS - Get Free Report) CFO Donnelly Julia Brau sold 30,221 shares of Pinterest stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $35.45, for a total transaction of $1,071,334.45. Following the sale, the chief financial officer now directly owns 327,358 shares of the company's stock, valued at approximately $11,604,841.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Donnelly Julia Brau also recently made the following trade(s):
- On Monday, March 11th, Donnelly Julia Brau sold 65,972 shares of Pinterest stock. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24.
Pinterest Price Performance
Shares of PINS opened at $34.68 on Friday. The firm has a 50-day moving average of $36.22 and a 200-day moving average of $33.15. Pinterest, Inc. has a one year low of $20.60 and a one year high of $41.60.
Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. The firm had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. As a group, analysts expect that Pinterest, Inc. will post 0.36 EPS for the current year.
Wall Street Analyst Weigh In
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Several research firms recently weighed in on PINS. Wedbush boosted their target price on Pinterest from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. Susquehanna increased their price objective on shares of Pinterest from $35.00 to $45.00 and gave the company a "positive" rating in a research note on Friday, February 9th. BMO Capital Markets started coverage on shares of Pinterest in a research report on Tuesday, January 9th. They set an "outperform" rating and a $45.00 target price on the stock. KeyCorp lifted their price objective on Pinterest from $37.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, February 5th. Finally, Piper Sandler reiterated an "overweight" rating and set a $48.00 price objective on shares of Pinterest in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $37.80.
Read Our Latest Analysis on Pinterest
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its stake in Pinterest by 57.9% in the 4th quarter. Nordea Investment Management AB now owns 882,233 shares of the company's stock valued at $32,766,000 after purchasing an additional 323,547 shares during the period. Acadian Asset Management LLC grew its position in shares of Pinterest by 53.1% during the 3rd quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company's stock worth $84,826,000 after purchasing an additional 1,089,299 shares in the last quarter. Trexquant Investment LP boosted its stake in shares of Pinterest by 332.7% in the second quarter. Trexquant Investment LP now owns 62,650 shares of the company's stock valued at $1,713,000 after buying an additional 48,172 shares during the period. National Bank of Canada FI grew its position in Pinterest by 1,059.5% during the third quarter. National Bank of Canada FI now owns 85,723 shares of the company's stock worth $2,318,000 after buying an additional 78,330 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Pinterest during the 3rd quarter worth $1,387,000. Institutional investors and hedge funds own 88.81% of the company's stock.
Pinterest Company Profile
(
Get Free Report)
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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