Insider Selling: Pinterest, Inc. (NYSE:PINS) CAO Sells 3,667 Shares of Stock

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,667 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 27th, Andrea Acosta sold 3,845 shares of Pinterest stock. The shares were sold at an average price of $30.88, for a total value of $118,733.60.

Pinterest Stock Up 0.9 %

NYSE:PINS opened at $36.93 on Thursday. The business’s 50-day moving average price is $33.16 and its two-hundred day moving average price is $31.99. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The stock has a market cap of $25.05 billion, a P/E ratio of 13.73, a PEG ratio of 1.95 and a beta of 1.06.

Pinterest (NYSE:PINS) last announced its quarterly earnings data 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 net margin of 51.07% and a return on equity of 8.10%. On average, equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

PINS has been the topic of a number of recent research reports. Robert W. Baird dropped their price target on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Piper Sandler reaffirmed a “neutral” rating and set a $41.00 price target (up previously from $36.00) on shares of Pinterest in a research report on Friday, February 7th. UBS Group dropped their price target on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company upped their price target on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Oppenheimer upped their price target on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.47.

Hedge Funds Weigh In On Pinterest

Several institutional investors have recently modified their holdings of PINS. Price T Rowe Associates Inc. MD increased its position in shares of Pinterest by 104.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock valued at $737,533,000 after purchasing an additional 12,986,310 shares during the last quarter. Norges Bank bought a new position in shares of Pinterest during the 4th quarter valued at about $358,205,000. Marshall Wace LLP increased its position in shares of Pinterest by 134.1% during the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock valued at $310,352,000 after purchasing an additional 6,129,985 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Pinterest during the 3rd quarter valued at about $153,829,000. Finally, Ameriprise Financial Inc. increased its position in shares of Pinterest by 49.7% during the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock valued at $395,441,000 after purchasing an additional 4,527,902 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

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.