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

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 12,253 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $32.24, for a total value of $395,036.72. Following the transaction, the insider now owns 228,510 shares of the company’s stock, valued at $7,367,162.40. This represents a 5.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $32.85, for a total value of $219,766.50.

Pinterest Trading Down 2.3 %

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 company has a market cap of $21.35 billion, a PE ratio of 11.70, a PEG ratio of 1.95 and a beta of 1.02. The stock’s 50-day moving average price is $34.66 and its two-hundred day moving average price is $32.39.

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

Institutional Trading of Pinterest

Hedge funds and other institutional investors have recently modified their holdings of the business. Whipplewood Advisors LLC acquired a new position in Pinterest during the fourth quarter valued at $28,000. GAMMA Investing LLC grew its stake in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its holdings in shares of Pinterest by 401.3% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock valued at $44,000 after purchasing an additional 1,204 shares during the period. True Wealth Design LLC lifted its position in shares of Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after purchasing an additional 1,487 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PINS. Guggenheim raised shares of 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 report on Monday, March 24th. The Goldman Sachs Group upped their target price on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wedbush lifted their price target on Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Piper Sandler reissued a “neutral” rating and issued a $41.00 price objective (up from $36.00) on shares of Pinterest in a report on Friday, February 7th. Finally, Cantor Fitzgerald lifted their target price on Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Pinterest has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

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.