Malik Ducard Sells 6,000 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) insider Malik Ducard sold 6,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $155,160.00. Following the sale, the insider directly owned 699,773 shares of the company’s stock, valued at approximately $18,096,129.78. This trade represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Pinterest Price Performance

NYSE:PINS opened at $26.04 on Wednesday. The business’s 50-day moving average is $27.69 and its two-hundred day moving average is $32.73. The firm has a market capitalization of $17.59 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.64 and a beta of 0.89. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90.

Pinterest (NYSE:PINS) last issued its earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $665.93 million during the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%. Equities analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Pinterest in the 2nd quarter valued at approximately $477,853,000. Amundi boosted its holdings in Pinterest by 618.9% in the first quarter. Amundi now owns 14,254,741 shares of the company’s stock worth $441,897,000 after purchasing an additional 12,271,958 shares during the period. Davis Selected Advisers bought a new stake in Pinterest during the third quarter valued at $253,887,000. Swedbank AB raised its holdings in shares of Pinterest by 344.0% during the first quarter. Swedbank AB now owns 5,839,485 shares of the company’s stock worth $181,024,000 after purchasing an additional 4,524,433 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Pinterest by 1,138.8% during the second quarter. Balyasny Asset Management L.P. now owns 4,601,571 shares of the company’s stock worth $165,012,000 after purchasing an additional 4,230,125 shares during the period. Institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Pinterest in a research note on Wednesday, November 5th. Bank of America cut their price target on Pinterest from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Mizuho initiated coverage on Pinterest in a research note on Monday, September 29th. They set an “outperform” rating and a $50.00 price objective for the company. Wells Fargo & Company cut their target price on Pinterest from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Benchmark reduced their target price on Pinterest from $48.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.97.

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.