Insider Selling: Pinterest (NYSE:PINS) CFO Sells $549,888.28 in Stock

Pinterest, Inc. (NYSE:PINS) CFO Julia Donnelly sold 29,548 shares of the stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $18.61, for a total transaction of $549,888.28. Following the completion of the sale, the chief financial officer owned 751,921 shares in the company, valued at approximately $13,993,249.81. This trade represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Donnelly Julia Brau also recently made the following trade(s):

• On Friday, August 7th, Julia Donnelly sold 59,096 shares of Pinterest stock. The stock was sold at an average price of $23.48, for a total value of $1,387,574.08.

Pinterest Stock Up 1.0%

PINS stock traded up $0.20 during mid-day trading on Friday, hitting $18.92. 8,890,974 shares of the company were exchanged, compared to its average volume of 16,953,084. The firm’s 50 day simple moving average is $21.97 and its 200 day simple moving average is $20.76. 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 1-year low of $13.84 and a 1-year high of $35.42. The firm has a market cap of $10.60 billion, a P/E ratio of 55.64, a P/E/G ratio of 1.20 and a beta of 0.90.

Pinterest (NYSE:PINS) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, sell-side analysts predict that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PINS. Morgan Stanley boosted their target price on shares of Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. BMO Capital Markets upped their price target on shares of Pinterest from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Royal Bank Of Canada boosted their price objective on shares of Pinterest from $23.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Finally, Barclays increased their target price on shares of Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.90.

Institutional Trading of Pinterest

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. raised its position in Pinterest by 30.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after buying an additional 6,258,628 shares during the last quarter. Norges Bank bought a new stake in shares of Pinterest during the fourth quarter valued at about $357,945,000. Geode Capital Management LLC boosted its holdings in Pinterest by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 11,188,981 shares of the company’s stock valued at $288,872,000 after purchasing an additional 804,774 shares during the period. Legal & General Group Plc grew its position in shares of Pinterest by 7.1% during the 4th quarter. Legal & General Group Plc now owns 4,717,329 shares of the company’s stock valued at $122,132,000 after purchasing an additional 311,976 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Pinterest by 271.1% in the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock worth $109,831,000 after buying an additional 4,375,000 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

About Pinterest

Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.