SJS Investment Consulting Inc. Sells 1,580 Shares of Pinterest, Inc. (NYSE:PINS)

SJS Investment Consulting Inc. lessened its stake in shares of Pinterest, Inc. (NYSE:PINS) by 49.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,594 shares of the company’s stock after selling 1,580 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Pinterest were worth $46,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Brown Shipley& Co Ltd bought a new stake in Pinterest during the second quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares during the period. V Square Quantitative Management LLC acquired a new stake in Pinterest in the 3rd quarter valued at approximately $37,000. Crewe Advisors LLC increased its position in Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after buying an additional 550 shares during the period. Finally, True Wealth Design LLC increased its position in Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after buying an additional 1,487 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total transaction of $34,189.50. Following the transaction, the director now owns 32,536 shares of the company’s stock, valued at approximately $967,295.28. This represents a 3.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the sale, the insider now directly owns 246,921 shares of the company’s stock, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,157 shares of company stock worth $589,131. Corporate insiders own 7.11% of the company’s stock.

Pinterest Stock Up 0.3 %

Shares of NYSE PINS opened at $32.92 on Friday. The company has a market cap of $22.25 billion, a price-to-earnings ratio of 109.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The firm’s 50-day simple moving average is $30.64 and its 200 day simple moving average is $32.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities lowered their price objective on shares of Pinterest from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Roth Mkm cut their price objective on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Piper Sandler downgraded Pinterest from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $41.00 to $36.00 in a research report on Tuesday, December 10th. Wedbush upgraded Pinterest from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, TD Cowen initiated coverage on Pinterest in a research report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective for the company. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong 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 $40.70.

About Pinterest

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.