Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau Sells 30,221 Shares of Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 30,221 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $35.45, for a total transaction of $1,071,334.45. Following the transaction, the chief financial officer now directly owns 327,358 shares of the company’s stock, valued at $11,604,841.10. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, March 11th, Donnelly Julia Brau sold 65,972 shares of Pinterest stock. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24.

Pinterest Stock Down 0.6 %

Shares of Pinterest stock opened at $34.68 on Friday. Pinterest, Inc. has a 12-month low of $20.60 and a 12-month high of $41.60. The stock’s fifty day moving average is $36.22 and its 200-day moving average is $33.15.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. The company had revenue of $981.26 million for the quarter, compared to analysts’ expectations of $988.62 million. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Pinterest from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Rosenblatt Securities restated a “buy” rating and issued a $45.00 target price on shares of Pinterest in a report on Friday, February 9th. Susquehanna lifted their price target on shares of Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a report on Friday, February 9th. Royal Bank of Canada lifted their target price on Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $48.00 price target on shares of Pinterest in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.80.

Hedge Funds Weigh In On Pinterest

A number of hedge funds have recently added to or reduced their stakes in the company. Napatree Capital LLC bought a new position in Pinterest during the fourth quarter valued at about $568,000. Quadrature Capital Ltd acquired a new stake in shares of Pinterest in the fourth quarter worth $7,021,000. PNC Financial Services Group Inc. raised its holdings in Pinterest by 17.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,451 shares of the company’s stock worth $572,000 after acquiring an additional 2,285 shares during the period. Vanguard Group Inc. grew its position in shares of Pinterest by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 56,348,952 shares of the company’s stock valued at $2,087,165,000 after purchasing an additional 1,439,595 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Pinterest during the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

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.