Pinterest, Inc. (NYSE:PINS – Get Free Report) CFO Donnelly Julia Brau sold 30,221 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $35.45, for a total transaction of $1,071,334.45. Following the completion of the transaction, the chief financial officer now owns 327,358 shares of the company’s stock, valued at $11,604,841.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Donnelly Julia Brau also recently made the following trade(s):
- On Monday, March 11th, Donnelly Julia Brau sold 65,972 shares of Pinterest stock. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24.
Pinterest Price Performance
Shares of NYSE PINS traded down $0.20 during trading on Thursday, hitting $34.68. 4,275,219 shares of the company were exchanged, compared to its average volume of 10,286,590. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60. The firm’s fifty day moving average price is $36.27 and its 200 day moving average price is $33.14.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on PINS. Evercore ISI upped their price objective on shares of Pinterest from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. BMO Capital Markets assumed coverage on Pinterest in a report on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 price objective on the stock. KeyCorp boosted their target price on Pinterest from $37.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Piper Sandler reissued an “overweight” rating and set a $48.00 price target on shares of Pinterest in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Pinterest from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.80.
View Our Latest Stock Report on PINS
Institutional Investors Weigh In On Pinterest
A number of large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in Pinterest by 372.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,073,874 shares of the company’s stock worth $487,394,000 after purchasing an additional 15,825,757 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Pinterest by 262.8% in the first quarter. Renaissance Technologies LLC now owns 11,515,600 shares of the company’s stock valued at $283,399,000 after buying an additional 8,341,222 shares during the last quarter. Norges Bank acquired a new stake in Pinterest during the fourth quarter valued at approximately $241,229,000. Wellington Management Group LLP lifted its holdings in Pinterest by 1,188.9% during the 4th quarter. Wellington Management Group LLP now owns 5,989,476 shares of the company’s stock worth $221,850,000 after buying an additional 5,524,796 shares during the last quarter. Finally, Fred Alger Management LLC increased its holdings in shares of Pinterest by 279,496.9% in the 3rd quarter. Fred Alger Management LLC now owns 4,672,065 shares of the company’s stock valued at $126,286,000 after acquiring an additional 4,670,394 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.
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.
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