Benjamin Silbermann Sells 46,875 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $23.88, for a total value of $1,119,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, July 21st, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.54, for a total value of $1,056,562.50.
• On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.63, for a total value of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.45, for a total transaction of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.99, for a total transaction of $937,031.25.
• On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.15, for a total transaction of $991,406.25.
• On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.78, for a total transaction of $1,020,937.50.
• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Price Performance

Shares of PINS stock opened at $23.31 on Friday. The firm’s 50 day moving average price is $22.31 and its two-hundred day moving average price is $20.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $38.57. The stock has a market cap of $13.06 billion, a PE ratio of 68.57, a PEG ratio of 1.23 and a beta of 0.90.

Pinterest (NYSE:PINS) last issued its earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, analysts forecast that Pinterest, Inc. will post 0.62 EPS for the current year.

Analysts Set New Price Targets

PINS has been the topic of several analyst reports. Morgan Stanley increased their target price on Pinterest from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Oppenheimer increased their price target on shares of Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Evercore boosted their price objective on shares of Pinterest from $27.00 to $29.00 and gave the company an “in-line” rating in a report on Wednesday, August 5th. Rosenblatt Securities upped their target price on shares of Pinterest from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Seventeen research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat, Pinterest currently has a consensus rating of “Hold” and a consensus price target of $27.90.

Institutional Trading of Pinterest

A number of large investors have recently bought and sold shares of the business. Forsta AP Fonden increased its position in Pinterest by 61.2% during the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after buying an additional 150,900 shares during the last quarter. Amundi lifted its position in shares of Pinterest by 38.3% in the first quarter. Amundi now owns 3,200,829 shares of the company’s stock valued at $58,703,000 after buying an additional 885,927 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Pinterest during the 4th quarter worth approximately $12,812,000. KLP Kapitalforvaltning AS boosted its stake in shares of Pinterest by 103.4% during the 4th quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company’s stock worth $21,709,000 after acquiring an additional 426,300 shares during the period. Finally, Freemont Management S.A. acquired a new position in shares of Pinterest during the 4th quarter worth approximately $2,540,000. 88.81% of the stock is owned by institutional investors.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.