Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau Sells 38,596 Shares

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 38,596 shares of Pinterest stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $34.27, for a total transaction of $1,322,684.92. Following the sale, the chief financial officer now owns 231,879 shares of the company’s stock, valued at approximately $7,946,493.33. The trade was a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Pinterest Stock Performance

Shares of Pinterest stock opened at $34.37 on Friday. The firm has a market cap of $23.31 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The firm’s 50-day simple moving average is $34.13 and its 200-day simple moving average is $32.27. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, equities analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently modified their holdings of PINS. Price T Rowe Associates Inc. MD grew its position in shares of Pinterest by 104.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock valued at $737,533,000 after buying an additional 12,986,310 shares during the last quarter. Norges Bank bought a new stake in shares of Pinterest during the 4th quarter valued at about $358,205,000. Marshall Wace LLP grew its position in shares of Pinterest by 134.1% during the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock valued at $310,352,000 after buying an additional 6,129,985 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Pinterest during the 3rd quarter valued at about $153,829,000. Finally, Ameriprise Financial Inc. grew its position in shares of Pinterest by 49.7% during the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock valued at $395,441,000 after buying an additional 4,527,902 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

PINS has been the subject of a number of recent research reports. Oppenheimer raised their price objective on shares of Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Barclays raised their price objective on shares of Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. TD Cowen initiated coverage on shares of Pinterest in a research note on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective for the company. Guggenheim raised their price objective on shares of Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada raised their price objective on shares of Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.47.

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.