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 Pinterest stock in a transaction on Monday, March 24th. The shares were sold at an average price of $33.95, for a total transaction 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 approximately $5,649,551.60. This represents a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $34.27, for a total value of $1,322,684.92.

Pinterest Price Performance

NYSE PINS traded up $1.63 during mid-day trading on Monday, hitting $34.05. The company’s stock had a trading volume of 11,457,415 shares, compared to its average volume of 9,908,387. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The stock’s fifty day simple moving average is $34.46 and its two-hundred day simple moving average is $32.31. The firm has a market capitalization of $23.09 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last released 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 return on equity of 8.10% and a net margin of 51.07%. On average, equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of recent research reports. Guggenheim raised Pinterest from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $39.00 to $40.00 in a research report on Monday. Rosenblatt Securities lifted their price objective on shares of Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research 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 objective for the company in a research report on Friday, January 10th. KeyCorp lowered their target price on shares of Pinterest from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Finally, Raymond James increased their price target on shares of Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Hedge Funds Weigh In On Pinterest

Institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of Pinterest by 104.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock worth $737,533,000 after acquiring an additional 12,986,310 shares during the last quarter. Norges Bank purchased a new stake in Pinterest during the 4th quarter worth approximately $358,205,000. Marshall Wace LLP increased its holdings in Pinterest by 134.1% during the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock worth $310,352,000 after purchasing an additional 6,129,985 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Pinterest during the 3rd quarter valued at approximately $153,829,000. Finally, Ameriprise Financial Inc. grew its position in shares of Pinterest by 49.7% during the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock worth $395,441,000 after buying an additional 4,527,902 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

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.