Pinterest, Inc. (NYSE:PINS) CFO Sells $1,343,826.40 in Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total value of $1,343,826.40. Following the completion of the transaction, the chief financial officer now owns 362,822 shares of the company’s stock, valued at approximately $16,102,040.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Pinterest Stock Down 0.3 %

PINS opened at $43.12 on Thursday. The company has a fifty day simple moving average of $41.85 and a 200 day simple moving average of $38.04. The stock has a market cap of $29.46 billion, a P/E ratio of 205.34, a P/E/G ratio of 4.32 and a beta of 0.97. Pinterest, Inc. has a 12 month low of $23.59 and a 12 month high of $45.19.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.05. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The company had revenue of $739.98 million during the quarter, compared to the consensus estimate of $699.96 million. On average, equities research analysts expect that Pinterest, Inc. will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Pinterest

Several hedge funds have recently bought and sold shares of the stock. Legacy Capital Group California Inc. increased its position in shares of Pinterest by 1.7% during the fourth quarter. Legacy Capital Group California Inc. now owns 16,156 shares of the company’s stock worth $598,000 after acquiring an additional 267 shares in the last quarter. Venture Visionary Partners LLC boosted its position in Pinterest by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock worth $1,816,000 after acquiring an additional 324 shares during the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of Pinterest by 46.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after buying an additional 326 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Pinterest by 0.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 45,922 shares of the company’s stock valued at $1,701,000 after acquiring an additional 348 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Pinterest by 40.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock valued at $48,000 after acquiring an additional 378 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PINS shares. Piper Sandler restated an “overweight” rating and issued a $52.00 target price on shares of Pinterest in a research note on Friday, June 14th. BMO Capital Markets boosted their target price on shares of Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Wedbush upped their target price on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Citigroup raised their price target on shares of Pinterest from $48.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.37.

Pinterest Company Profile

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.