Pinterest, Inc. (NYSE:PINS) Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its stake in Pinterest, Inc. (NYSE:PINS) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,286 shares of the company’s stock after selling 1,115 shares during the period. Signaturefd LLC’s holdings in Pinterest were worth $240,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in Pinterest during the 4th quarter worth $28,000. GAMMA Investing LLC grew its position in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after acquiring an additional 415 shares during the last quarter. Crewe Advisors LLC increased its holdings in shares of Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after acquiring an additional 550 shares during the period. True Wealth Design LLC lifted its position in Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after purchasing an additional 1,487 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in Pinterest by 51.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares during the period. 88.81% of the stock is owned by institutional investors.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total value of $3,180,906.28. Following the transaction, the director now owns 6,274 shares in the company, valued at approximately $195,497.84. This represents a 94.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeremy S. Levine sold 50,535 shares of Pinterest stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.98, for a total transaction of $1,717,179.30. Following the completion of the sale, the director now owns 1,156,693 shares of the company’s stock, valued at $39,304,428.14. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 207,812 shares of company stock valued at $6,798,857. 7.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PINS has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised Pinterest from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $34.00 to $47.00 in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. The Goldman Sachs Group raised their price target on Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a report on Friday, February 7th. Guggenheim upped their price objective on shares of Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.30.

Pinterest Trading Up 3.3 %

Shares of NYSE PINS opened at $32.45 on Friday. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The business has a 50-day moving average price of $34.39 and a two-hundred day moving average price of $32.27. The firm has a market capitalization of $22.01 billion, a PE ratio of 12.06, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 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 anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Pinterest 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.