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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $32.13, for a total transaction of $3,279,926.79. Following the completion of the transaction, the director now directly owns 6,274 shares in the company, valued at $201,583.62. This represents a 94.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, May 14th, Benjamin Silbermann sold 408,332 shares of Pinterest stock. The stock was sold at an average price of $33.16, for a total transaction of $13,540,289.12.
• On Wednesday, April 2nd, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $31.27, for a total transaction of $3,192,135.41.
• On Wednesday, March 26th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $33.71, for a total transaction 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 Stock Down 2.6%

NYSE:PINS opened at $30.91 on Friday. The company has a fifty day simple moving average of $28.74 and a two-hundred day simple moving average of $31.23. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. On average, analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

PINS has been the topic of a number of research reports. The Goldman Sachs Group decreased their target price on shares of Pinterest from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Wedbush reissued an “outperform” rating and issued a $40.00 target price (up from $38.00) on shares of Pinterest in a research note on Friday, May 9th. TD Cowen decreased their target price on shares of Pinterest from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their target price on shares of Pinterest from $47.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Finally, Benchmark reduced their price target on shares of Pinterest from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Seven 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 data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.26.

Hedge Funds Weigh In On Pinterest

Several institutional investors have recently modified their holdings of PINS. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Pinterest during the 1st quarter worth $25,000. Garde Capital Inc. purchased a new stake in shares of Pinterest during the 1st quarter worth $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest during the 4th quarter worth $28,000. NBC Securities Inc. lifted its position in shares of Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock worth $31,000 after purchasing an additional 999 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of Pinterest during the 1st quarter worth $32,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

About Pinterest

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.