Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau Sells 30,280 Shares

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the sale, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Pinterest Trading Down 0.3 %

Shares of PINS opened at $32.37 on Tuesday. Pinterest, Inc. has a 1-year low of $23.59 and a 1-year high of $45.19. The firm’s 50-day moving average price is $31.68 and its 200-day moving average price is $36.63. The firm has a market capitalization of $22.21 billion, a price-to-earnings ratio of 154.39, a PEG ratio of 3.53 and a beta of 1.00.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $853.68 million for the quarter, compared to the consensus estimate of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. Pinterest’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS. On average, research analysts forecast that Pinterest, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PINS shares. Morgan Stanley lifted their price objective on Pinterest from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Raymond James decreased their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Benchmark reiterated a “hold” rating on shares of Pinterest in a research report on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of Pinterest from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group increased their target price on shares of Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and an average price target of $43.25.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PINS. Centaurus Financial Inc. purchased a new stake in Pinterest in the 2nd quarter worth approximately $103,000. Sanctuary Advisors LLC purchased a new stake in shares of Pinterest in the second quarter worth $3,853,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Pinterest by 10.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 271,622 shares of the company’s stock valued at $11,971,000 after purchasing an additional 25,500 shares during the period. Cetera Investment Advisers boosted its holdings in Pinterest by 8.8% in the 2nd quarter. Cetera Investment Advisers now owns 69,122 shares of the company’s stock worth $3,046,000 after buying an additional 5,587 shares during the period. Finally, Truist Financial Corp increased its stake in Pinterest by 4.1% in the 2nd quarter. Truist Financial Corp now owns 84,638 shares of the company’s stock worth $3,730,000 after buying an additional 3,327 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

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.