Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram Sells 1,934 Shares

Pinterest, Inc. (NYSE:PINSGet Free Report) Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $42.25, for a total value of $81,711.50. Following the sale, the director now owns 29,712 shares of the company’s stock, valued at $1,255,332. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Gokul Rajaram also recently made the following trade(s):

  • On Monday, April 15th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56.
  • On Wednesday, March 20th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40.

Pinterest Price Performance

PINS traded up $0.01 on Friday, reaching $42.78. 4,947,483 shares of the stock were exchanged, compared to its average volume of 12,907,530. The company’s 50-day moving average price is $35.92 and its 200 day moving average price is $35.55. The firm has a market capitalization of $29.23 billion, a PE ratio of 203.80, a PEG ratio of 4.26 and a beta of 0.99. Pinterest, Inc. has a fifty-two week low of $21.84 and a fifty-two week high of $43.12.

Institutional Investors Weigh In On Pinterest

A number of institutional investors and hedge funds have recently modified their holdings of PINS. Teacher Retirement System of Texas boosted its holdings in shares of Pinterest by 2.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 46,050 shares of the company’s stock valued at $1,245,000 after acquiring an additional 1,081 shares during the last quarter. Wealthfront Advisers LLC grew its position in Pinterest by 68.5% during the 3rd quarter. Wealthfront Advisers LLC now owns 87,869 shares of the company’s stock worth $2,375,000 after purchasing an additional 35,717 shares during the period. FDx Advisors Inc. purchased a new position in shares of Pinterest during the 3rd quarter valued at about $253,000. Ingalls & Snyder LLC lifted its holdings in shares of Pinterest by 8.2% in the 3rd quarter. Ingalls & Snyder LLC now owns 22,759 shares of the company’s stock valued at $615,000 after buying an additional 1,727 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Pinterest by 9.1% in the 3rd quarter. Principal Financial Group Inc. now owns 496,461 shares of the company’s stock valued at $13,419,000 after buying an additional 41,495 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on PINS shares. Stifel Nicolaus raised their price objective on Pinterest from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. BMO Capital Markets raised their price target on Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Roth Mkm upped their price objective on shares of Pinterest from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Piper Sandler raised their target price on shares of Pinterest from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $48.00 price target (up previously from $45.00) on shares of Pinterest in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.26.

Read Our Latest Report on Pinterest

Pinterest Company Profile

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.