Andrea Acosta Sells 3,845 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the transaction, the chief accounting officer now directly owns 158,468 shares of the company’s stock, valued at $4,893,491.84. The trade was a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Pinterest Trading Down 0.1 %

Shares of NYSE:PINS traded down $0.02 during trading on Friday, hitting $30.30. 3,510,815 shares of the company’s stock were exchanged, compared to its average volume of 9,619,156. The firm has a 50-day moving average price of $31.80 and a two-hundred day moving average price of $35.44. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The firm has a market cap of $20.47 billion, a P/E ratio of 100.99, a PEG ratio of 2.17 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Shipley& Co Ltd bought a new position in Pinterest in the second quarter valued at approximately $25,000. Wellington Shields Capital Management LLC bought a new position in Pinterest in the second quarter valued at approximately $26,000. Hexagon Capital Partners LLC lifted its stake in Pinterest by 157.7% in the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after buying an additional 459 shares in the last quarter. GAMMA Investing LLC lifted its stake in Pinterest by 113.4% in the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after buying an additional 405 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in Pinterest in the second quarter valued at approximately $35,000. Institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

PINS has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, November 8th. TD Cowen started coverage on shares of Pinterest in a report on Tuesday. They set a “buy” rating and a $38.00 price target for the company. Benchmark reissued a “hold” rating on shares of Pinterest in a report on Friday, November 8th. Piper Sandler reissued an “overweight” rating and set a $41.00 price target (down from $45.00) on shares of Pinterest in a report on Friday, November 8th. Finally, Wedbush raised shares of Pinterest from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and a consensus price target of $41.63.

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.