Insider Selling: Pinterest, Inc. (NYSE:PINS) CFO Sells 29,605 Shares of Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 29,605 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $33.95, for a total transaction of $1,005,089.75. Following the transaction, the chief financial officer now owns 166,408 shares in the company, valued at approximately $5,649,551.60. This trade represents a 15.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Donnelly Julia Brau also recently made the following trade(s):

• On Friday, March 7th, Donnelly Julia Brau sold 38,596 shares of Pinterest stock. The stock was sold at an average price of $34.27, for a total transaction of $1,322,684.92.

Pinterest Price Performance

Shares of Pinterest stock traded up $1.63 on Monday, reaching $34.05. 11,457,415 shares of the company were exchanged, compared to its average volume of 9,908,387. The stock’s 50 day moving average price is $34.46 and its 200-day moving average price is $32.31. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The company has a market cap of $23.09 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on PINS shares. Guggenheim raised Pinterest from a “neutral” rating to a “buy” rating and upped their target price for the company from $39.00 to $40.00 in a research report on Monday. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price target (down previously from $40.00) on shares of Pinterest in a report on Monday, January 13th. Oppenheimer lifted their price objective on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, January 10th. Finally, Raymond James upped their price target on shares of Pinterest from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Institutional Trading of Pinterest

A number of institutional investors have recently bought and sold shares of PINS. Hantz Financial Services Inc. increased its stake in Pinterest by 3.7% in the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after purchasing an additional 339 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Pinterest by 2.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after acquiring an additional 342 shares in the last quarter. Ethos Financial Group LLC lifted its position in Pinterest by 3.1% in the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock valued at $342,000 after acquiring an additional 350 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Pinterest by 0.9% during the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock worth $1,154,000 after purchasing an additional 372 shares during the last quarter. Finally, Commerce Bank lifted its holdings in shares of Pinterest by 3.3% in the 3rd quarter. Commerce Bank now owns 11,868 shares of the company’s stock valued at $384,000 after purchasing an additional 378 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

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.