Wanjiku Juanita Walcott Sells 12,253 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 12,253 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $32.24, for a total transaction of $395,036.72. Following the completion of the transaction, the insider now directly owns 228,510 shares of the company’s stock, valued at approximately $7,367,162.40. This represents a 5.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wanjiku Juanita Walcott also recently made the following trade(s):

• On Monday, March 10th, Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock. The stock was sold at an average price of $32.85, for a total value of $219,766.50.

Pinterest Price Performance

Shares of NYSE:PINS opened at $31.49 on Friday. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The firm has a market capitalization of $21.35 billion, a PE ratio of 11.70, a P/E/G ratio of 1.95 and a beta of 1.02. The business’s 50 day moving average price is $34.66 and its 200-day moving average price is $32.37.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) 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%. As a group, analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, January 10th. Benchmark upgraded shares of Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Friday, February 7th. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Finally, Wedbush boosted their target price on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Institutional Trading of Pinterest

Large investors have recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its holdings in shares of Pinterest by 3.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock worth $304,000 after purchasing an additional 339 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after buying an additional 342 shares during the last quarter. Ethos Financial Group LLC grew its holdings in Pinterest by 3.1% in the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock valued at $342,000 after buying an additional 350 shares in the last quarter. Amalgamated Bank increased its stake in shares of Pinterest by 0.9% in the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock worth $1,154,000 after acquiring an additional 372 shares during the last quarter. Finally, Commerce Bank raised its holdings in shares of Pinterest by 3.3% during the 3rd quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after acquiring an additional 378 shares during the period. Hedge funds and other institutional investors 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.