Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta Sells 3,667 Shares

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,667 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Andrea Acosta also recently made the following trade(s):

• On Wednesday, November 27th, Andrea Acosta sold 3,845 shares of Pinterest stock. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60.

Pinterest Stock Performance

Shares of Pinterest stock opened at $36.69 on Wednesday. The firm has a market cap of $24.89 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. The firm’s 50-day simple moving average is $33.05 and its 200-day simple moving average is $31.94. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Piper Sandler reissued a “neutral” rating and set a $41.00 price objective (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Oppenheimer boosted their price objective on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Wedbush upped their price target on shares of Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Cantor Fitzgerald upped their price target on shares of Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.47.

Institutional Investors Weigh In On Pinterest

Institutional investors and hedge funds have recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new stake in Pinterest during the fourth quarter worth about $28,000. GAMMA Investing LLC raised its stake in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after acquiring an additional 415 shares during the period. Crewe Advisors LLC raised its stake in Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after acquiring an additional 550 shares during the period. Strategic Investment Solutions Inc. IL raised its stake in Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after acquiring an additional 1,204 shares during the period. Finally, True Wealth Design LLC raised its stake in Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after acquiring an additional 1,487 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

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.