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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $22.54, for a total value of $1,056,562.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 stock was 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 shares were 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 stock was sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Stock Performance

PINS traded up $0.72 during midday trading on Tuesday, reaching $24.23. The company had a trading volume of 4,706,652 shares, compared to its average volume of 17,987,699. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The business has a 50-day moving average price of $21.27 and a two-hundred day moving average price of $20.61. The stock has a market cap of $13.57 billion, a PE ratio of 50.51, a P/E/G ratio of 1.26 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. Pinterest’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. On average, sell-side analysts expect that Pinterest, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Trading of Pinterest

A number of institutional investors have recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC bought a new position in Pinterest in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its position in shares of Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after buying an additional 1,049 shares during the period. Addison Advisors LLC increased its position in shares of Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares during the period. Garner Asset Management Corp purchased a new stake in shares of Pinterest in the fourth quarter worth about $36,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Pinterest in the first quarter worth about $43,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

PINS has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Pinterest from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Mizuho lifted their price objective on Pinterest from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Oppenheimer upped their price objective on shares of Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, DA Davidson began coverage on shares of Pinterest in a research note on Wednesday, July 8th. They issued a “buy” rating and a $26.00 target price for the company. Seventeen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.69.

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.