Wanjiku Juanita Walcott Sells 12,253 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 12,253 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $32.24, for a total transaction of $395,036.72. Following the transaction, the insider now directly owns 228,510 shares in the company, valued at approximately $7,367,162.40. This represents a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wanjiku Juanita Walcott also recently made the following trade(s):

• On Monday, March 10th, Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50.

Pinterest Trading Down 1.9 %

Shares of PINS stock traded down $0.62 during trading hours on Thursday, hitting $32.29. 5,571,516 shares of the company were exchanged, compared to its average volume of 9,864,591. The stock has a market capitalization of $21.90 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 1.95 and a beta of 1.02. The firm has a fifty day simple moving average of $34.60 and a 200 day simple moving average of $32.35. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on PINS shares. Sanford C. Bernstein raised Pinterest from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $34.00 to $47.00 in a research report on Friday, February 7th. Stifel Nicolaus restated a “buy” rating and set a $50.00 price objective (up previously from $45.00) on shares of Pinterest in a report on Friday, February 7th. Royal Bank of Canada increased their target price on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wedbush boosted their price target on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Guggenheim raised shares of Pinterest from a “neutral” rating to a “buy” rating and raised their price objective for the company from $39.00 to $40.00 in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.33.

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Pinterest by 104.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock worth $737,533,000 after purchasing an additional 12,986,310 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Pinterest by 49.7% in the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock valued at $395,441,000 after buying an additional 4,527,902 shares in the last quarter. State Street Corp grew its stake in Pinterest by 1.2% in the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company’s stock valued at $413,483,000 after buying an additional 156,748 shares in the last quarter. FMR LLC raised its holdings in Pinterest by 2.6% during the 4th quarter. FMR LLC now owns 12,599,356 shares of the company’s stock valued at $365,381,000 after acquiring an additional 316,633 shares during the period. Finally, Norges Bank bought a new position in shares of Pinterest in the fourth quarter worth $358,205,000. 88.81% of the stock is currently owned by 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.