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

Pinterest, Inc. (NYSE:PINSGet Free Report) Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $34.81, for a total transaction of $3,553,509.23. Following the completion of the transaction, the director now directly owns 8,414 shares of the company’s stock, valued at $292,891.34. The trade was a 92.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, June 4th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $33.21, for a total transaction of $3,390,176.43.
  • On Wednesday, May 28th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $31.47, for a total transaction of $3,212,552.01.
  • On Wednesday, May 21st, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The stock was sold at an average price of $32.13, for a total transaction of $3,279,926.79.
  • On Wednesday, May 14th, Benjamin Silbermann sold 408,332 shares of Pinterest stock. The shares were sold at an average price of $33.16, for a total value 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 value of $3,192,135.41.
  • On Wednesday, March 26th, Benjamin Silbermann sold 102,083 shares of Pinterest stock. The shares were sold at an average price of $33.71, for a total value 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 value of $3,180,906.28.

Pinterest Stock Down 2.1%

PINS opened at $34.02 on Friday. The firm’s 50 day moving average is $29.12 and its 200-day moving average is $31.45. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19. The firm has a market capitalization of $23.07 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.95 and a beta of 0.91.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on PINS. Wells Fargo & Company dropped their price objective on shares of Pinterest from $47.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Barclays dropped their price target on shares of Pinterest from $42.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. UBS Group decreased their price target on shares of Pinterest from $50.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Bank of America dropped their price objective on Pinterest from $46.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Raymond James lowered Pinterest from an “overweight” rating to a “market perform” rating in a research report on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and an average target price of $40.42.

Read Our Latest Stock Analysis on PINS

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PINS. Ethos Financial Group LLC grew its stake in Pinterest by 3.1% during the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock valued at $342,000 after purchasing an additional 350 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Pinterest by 0.9% during the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock valued at $1,154,000 after buying an additional 372 shares during the last quarter. Riverpark Capital Management LLC grew its position in shares of Pinterest by 1.2% during the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company’s stock worth $987,000 after buying an additional 377 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Pinterest by 20.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company’s stock worth $75,000 after buying an additional 429 shares during the last quarter. Finally, Redwood Investment Management LLC increased its stake in shares of Pinterest by 3.2% in the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company’s stock worth $463,000 after buying an additional 495 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

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.

See Also

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

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