Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total value of $38,548.00. Following the sale, the director now directly owns 33,686 shares of the company’s stock, valued at approximately $1,129,154.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Pinterest Trading Up 0.7 %
Shares of NYSE:PINS opened at $33.18 on Friday. The company has a 50 day moving average of $31.50 and a 200-day moving average of $36.49. The firm has a market cap of $22.77 billion, a P/E ratio of 122.89, a P/E/G ratio of 2.62 and a beta of 1.01. Pinterest, Inc. has a twelve month low of $23.59 and a twelve month high of $45.19.
Pinterest (NYSE:PINS – Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The business had revenue of $853.68 million during the quarter, compared to analyst estimates of $848.75 million. During the same period in the prior year, the business earned ($0.04) earnings per share. The business’s quarterly revenue was up 20.6% on a year-over-year basis. Equities research analysts forecast that Pinterest, Inc. will post 0.39 EPS for the current year.
Analyst Ratings Changes
Read Our Latest Stock Report on PINS
Institutional Investors Weigh In On Pinterest
Several hedge funds have recently made changes to their positions in PINS. Wellington Management Group LLP lifted its position in shares of Pinterest by 1,188.9% in the 4th quarter. Wellington Management Group LLP now owns 5,989,476 shares of the company’s stock valued at $221,850,000 after acquiring an additional 5,524,796 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Pinterest in the 2nd quarter valued at approximately $98,655,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Pinterest by 45.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,735,384 shares of the company’s stock valued at $198,846,000 after acquiring an additional 1,798,494 shares in the last quarter. Ninety One UK Ltd increased its stake in Pinterest by 44.6% in the 2nd quarter. Ninety One UK Ltd now owns 5,445,674 shares of the company’s stock valued at $239,991,000 after buying an additional 1,679,348 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its stake in Pinterest by 66.6% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 4,199,415 shares of the company’s stock valued at $145,594,000 after buying an additional 1,678,756 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.
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