Benjamin Silbermann Sells 102,083 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.27, for a total value of $3,192,135.41. Following the completion of the transaction, the director now owns 6,274 shares in the company, valued at approximately $196,187.98. The trade was a 94.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Benjamin Silbermann also recently made the following trade(s):

• On Wednesday, March 26th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $33.71, for a total value of $3,441,217.93.
• On Wednesday, March 19th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28.

Pinterest Trading Down 6.3 %

PINS opened at $25.78 on Friday. The company has a fifty day moving average price of $34.40 and a two-hundred day moving average price of $32.38. Pinterest, Inc. has a 1-year low of $24.91 and a 1-year high of $45.19. The company has a market cap of $17.49 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share 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%. On average, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PINS. The Goldman Sachs Group upped their price objective on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays increased their price target on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Raymond James raised their price objective on Pinterest from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Rosenblatt Securities upped their target price on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.17.

Hedge Funds Weigh In On Pinterest

A number of large investors have recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in Pinterest during the 4th quarter valued at $28,000. GAMMA Investing LLC increased its position in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after acquiring an additional 415 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of Pinterest by 401.3% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after acquiring an additional 1,204 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after acquiring an additional 590 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Pinterest by 484.1% during the 4th quarter. Huntington National Bank now owns 2,027 shares of the company’s stock valued at $59,000 after purchasing an additional 1,680 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Company Profile

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.