Key Points
- Pinterest director Benjamin Silbermann sold 46,875 shares at an average price of $18.33, generating $859,218.75. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Silbermann has made multiple Pinterest stock sales since July, selling more than $10 million worth of shares as prices declined from roughly $23–$24 to $18.33.
- Pinterest recently beat quarterly earnings and revenue expectations, while analysts maintain a consensus “Hold” rating with an average price target of $27.90; institutional investors own 88.81% of the stock.
Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the business's stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $18.33, for a total transaction of $859,218.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Benjamin Silbermann also recently made the following trade(s):
- On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.50, for a total transaction of $914,062.50.
- On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.22, for a total transaction of $900,937.50.
- On Tuesday, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $20.07, for a total transaction of $940,781.25.
- On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The shares were sold at an average price of $21.43, for a total transaction of $2,009,062.50.
- On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.53, for a total transaction of $1,102,968.75.
- On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.40, for a total transaction of $1,096,875.00.
- On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.88, for a total value of $1,119,375.00.
- On Tuesday, July 21st, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.54, for a total value of $1,056,562.50.
- On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.63, for a total value of $1,060,781.25.
Pinterest Price Performance
Shares of PINS stock opened at $18.96 on Thursday. The stock has a 50 day moving average price of $21.64 and a 200 day moving average price of $20.75. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $35.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The firm has a market capitalization of $10.62 billion, a P/E ratio of 55.77, a P/E/G ratio of 1.21 and a beta of 0.90.
Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $0.33 EPS. Pinterest's quarterly revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.58 earnings per share for the current year.
Institutional Trading of Pinterest
A number of hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. grew its holdings in Pinterest by 96.5% during the 2nd quarter. QRG Capital Management Inc. now owns 42,014 shares of the company's stock worth $884,000 after acquiring an additional 20,631 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Pinterest by 8.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 34,481 shares of the company's stock valued at $725,000 after purchasing an additional 2,793 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of Pinterest by 89.7% in the 2nd quarter. Engineers Gate Manager LP now owns 183,035 shares of the company's stock valued at $3,849,000 after purchasing an additional 86,560 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Pinterest by 15.0% in the 2nd quarter. NewEdge Advisors LLC now owns 87,223 shares of the company's stock worth $1,834,000 after purchasing an additional 11,382 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Pinterest by 8.7% in the 2nd quarter. Allworth Financial LP now owns 16,941 shares of the company's stock worth $356,000 after purchasing an additional 1,360 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
PINS has been the topic of several recent analyst reports. Barclays raised their price target on shares of Pinterest from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada upped their target price on shares of Pinterest from $23.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. TD Cowen reaffirmed a "buy" rating on shares of Pinterest in a research report on Monday, June 22nd. Robert W. Baird lifted their price target on shares of Pinterest from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Guggenheim boosted their price target on Pinterest from $24.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Eighteen equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $27.90.
Read Our Latest Report on PINS
Pinterest Company Profile
(
Get Free Report)
Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.
Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.
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