Pinterest (NYSE:PINS) Director Sells $2,009,062.50 in Stock

by · The Cerbat Gem

Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Benjamin Silbermann sold 93,750 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50. The transaction was disclosed in a legal filing with the SEC, 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, 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.
  • 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 stock was 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.
  • On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.45, for a total transaction of $1,005,468.75.
  • On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.99, for a total transaction of $937,031.25.
  • On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.15, for a total transaction of $991,406.25.
  • On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.78, for a total transaction of $1,020,937.50.

Pinterest Trading Down 0.1%

Shares of Pinterest stock traded down $0.02 during trading hours on Wednesday, hitting $21.23. The company’s stock had a trading volume of 13,271,648 shares, compared to its average volume of 17,024,174. The business has a fifty day moving average of $22.88 and a 200 day moving average of $20.54. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $38.57. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $11.89 billion, a PE ratio of 62.44, a P/E/G ratio of 1.38 and a beta of 0.90.

Pinterest (NYSE:PINS – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities analysts forecast that Pinterest, Inc. will post 0.59 EPS for the current year.

Institutional Investors Weigh In On Pinterest

A number of hedge funds have recently bought and sold shares of PINS. Caitong International Asset Management Co. Ltd lifted its position in shares of Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after buying an additional 1,049 shares during the last quarter. Addison Advisors LLC grew its position in shares of Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares during the last quarter. Garner Asset Management Corp acquired a new stake in Pinterest during the fourth quarter worth about $36,000. MidFirst Bank acquired a new stake in Pinterest during the fourth quarter worth about $44,000. Finally, Summit Securities Group LLC bought a new position in Pinterest in the first quarter worth about $43,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays upped their target price on Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley upped their price target on Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Jefferies Financial Group raised shares of Pinterest from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Mizuho lifted their price objective on shares of Pinterest from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.90.

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About Pinterest

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Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

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