Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the firm's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $19.92, for a total value of $933,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Benjamin Silbermann also recently made the following trade(s):
- On Tuesday, October 20th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.56, for a total transaction of $1,057,500.00.
- On Tuesday, October 13th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.56, for a total transaction of $1,010,625.00.
- On Tuesday, October 6th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.66, for a total transaction of $921,562.50.
- On Tuesday, September 29th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $18.33, for a total transaction of $859,218.75.
- On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.50, for a total value 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 value of $900,937.50.
- On Tuesday, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.07, for a total value 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 value of $2,009,062.50.
- On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.53, for a total value 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 value of $1,096,875.00.
Pinterest Stock Performance
NYSE:PINS opened at $21.21 on Thursday. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 84.83, a PEG ratio of 1.46 and a beta of 0.98. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $27.96. The stock's 50 day simple moving average is $20.46 and its two-hundred day simple moving average is $20.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.28 and a quick ratio of 4.28.
Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). Pinterest had a net margin of 3.81% and a return on equity of 6.58%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The firm's revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that Pinterest, Inc. will post 0.55 earnings per share for the current fiscal year.
Institutional Trading of Pinterest
A number of institutional investors have recently bought and sold shares of PINS. Renaissance Technologies LLC increased its position in Pinterest by 271.1% during the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company's stock valued at $109,831,000 after acquiring an additional 4,375,000 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Pinterest by 15.4% in the 1st quarter. Bank of America Corp DE now owns 5,848,116 shares of the company's stock worth $107,254,000 after acquiring an additional 779,998 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Pinterest by 300.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,398,316 shares of the company's stock worth $83,084,000 after acquiring an additional 3,299,884 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Pinterest by 11.1% in the 1st quarter. Bank of New York Mellon Corp now owns 4,014,388 shares of the company's stock worth $73,624,000 after acquiring an additional 401,619 shares during the last quarter. Finally, Senvest Management LLC boosted its stake in shares of Pinterest by 5.1% during the 1st quarter. Senvest Management LLC now owns 3,594,581 shares of the company's stock worth $65,925,000 after purchasing an additional 175,000 shares during the period. 88.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on PINS shares. Rosenblatt Securities lowered their price objective on shares of Pinterest from $25.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, October 30th. Phillip Securities upgraded shares of Pinterest to a "strong-buy" rating in a report on Monday, October 19th. BMO Capital Markets restated an "outperform" rating on shares of Pinterest in a research report on Friday, October 30th. Jefferies Financial Group cut shares of Pinterest from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 30th. Finally, Morgan Stanley increased their price target on shares of Pinterest from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.97.
Read Our Latest Research Report on Pinterest
About Pinterest
(
Get Free Report)
Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.
The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.
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