Insider Selling: Pinterest, Inc. (NYSE:PINS) CFO Sells $1,005,089.75 in Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 29,605 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $33.95, for a total value of $1,005,089.75. Following the completion of the transaction, the chief financial officer now owns 166,408 shares in the company, valued at $5,649,551.60. This represents a 15.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, March 7th, Donnelly Julia Brau sold 38,596 shares of Pinterest stock. The shares were sold at an average price of $34.27, for a total transaction of $1,322,684.92.

Pinterest Stock Performance

Shares of PINS opened at $32.96 on Thursday. The company has a 50-day simple moving average of $34.60 and a 200-day simple moving average of $32.35. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a market capitalization of $22.35 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.95 and a beta of 1.02.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Jefferies Financial Group restated a “hold” rating and set a $32.00 price target (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Monness Crespi & Hardt upgraded Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, January 10th. Guggenheim upgraded Pinterest from a “neutral” rating to a “buy” rating and lifted their price target for the company from $39.00 to $40.00 in a report on Monday. Morgan Stanley increased their price objective on Pinterest from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, Cantor Fitzgerald lifted their target price on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently bought and sold shares of PINS. Empowered Funds LLC boosted its position in shares of Pinterest by 7.4% during the 3rd quarter. Empowered Funds LLC now owns 9,165 shares of the company’s stock valued at $297,000 after acquiring an additional 635 shares in the last quarter. Quest Partners LLC boosted its holdings in Pinterest by 1,109.4% during the third quarter. Quest Partners LLC now owns 9,796 shares of the company’s stock valued at $317,000 after purchasing an additional 8,986 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Pinterest in the 3rd quarter valued at approximately $458,000. Commerce Bank raised its holdings in shares of Pinterest by 3.3% in the 3rd quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after buying an additional 378 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Pinterest by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock worth $27,326,000 after buying an additional 32,539 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.