Insider Selling: Pinterest, Inc. (NYSE:PINS) CAO Sells 2,564 Shares of Stock

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 2,564 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $45.00, for a total transaction of $115,380.00. Following the sale, the chief accounting officer now owns 186,906 shares in the company, valued at approximately $8,410,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, June 13th, Andrea Acosta sold 3,845 shares of Pinterest stock. The stock was sold at an average price of $43.90, for a total value of $168,795.50.

Pinterest Stock Performance

Shares of PINS opened at $43.62 on Monday. Pinterest, Inc. has a one year low of $23.59 and a one year high of $45.01. The stock has a 50-day moving average price of $40.10 and a 200 day moving average price of $37.58. The company has a market capitalization of $29.80 billion, a P/E ratio of 207.72, a P/E/G ratio of 4.32 and a beta of 0.97.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. The business had revenue of $739.98 million during the quarter, compared to the consensus estimate of $699.96 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PINS has been the topic of a number of research analyst reports. KeyCorp decreased their price target on Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Wells Fargo & Company upped their price target on shares of Pinterest from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Stifel Nicolaus upped their price objective on Pinterest from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Wedbush increased their target price on Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.34.

Institutional Investors Weigh In On Pinterest

Several hedge funds and other institutional investors have recently modified their holdings of PINS. ARK Investment Management LLC grew its stake in Pinterest by 152.3% in the fourth quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock worth $53,507,000 after purchasing an additional 872,016 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Pinterest by 57.9% in the 4th quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock worth $32,766,000 after acquiring an additional 323,547 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Pinterest by 3,402.0% in the 4th quarter. International Assets Investment Management LLC now owns 80,266 shares of the company’s stock worth $2,973,000 after acquiring an additional 77,974 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Pinterest by 55.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock valued at $6,477,000 after acquiring an additional 62,117 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Pinterest by 48.5% during the 4th quarter. Raymond James Trust N.A. now owns 27,686 shares of the company’s stock valued at $1,025,000 after acquiring an additional 9,040 shares in the last quarter. 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.