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 the firm’s stock in a transaction that occurred 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 owns 297,351 shares of the company’s stock, valued at $9,729,324.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pinterest Price Performance

Shares of NYSE:PINS opened at $33.22 on Thursday. Pinterest, Inc. has a one year low of $23.59 and a one year high of $45.19. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 158.20, a PEG ratio of 2.51 and a beta of 1.00. The firm has a 50 day simple moving average of $31.23 and a 200 day simple moving average of $36.60.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. The company had revenue of $853.68 million during the quarter, compared to analysts’ expectations of $848.75 million. Pinterest’s revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. As a group, analysts expect that Pinterest, Inc. will post 0.39 EPS for the current year.

Institutional Trading of Pinterest

A number of hedge funds have recently made changes to their positions in the company. Leibman Financial Services Inc. raised its holdings in Pinterest by 0.9% in the 2nd quarter. Leibman Financial Services Inc. now owns 31,390 shares of the company’s stock valued at $1,383,000 after buying an additional 266 shares during the last quarter. Raymond James Trust N.A. increased its position in Pinterest by 1.1% in the 2nd quarter. Raymond James Trust N.A. now owns 30,012 shares of the company’s stock valued at $1,323,000 after acquiring an additional 319 shares during the period. Toronto Dominion Bank increased its position in Pinterest by 0.7% in the 2nd quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock valued at $2,510,000 after acquiring an additional 372 shares during the period. Cornercap Investment Counsel Inc. raised its stake in shares of Pinterest by 1.6% during the second quarter. Cornercap Investment Counsel Inc. now owns 23,197 shares of the company’s stock valued at $1,022,000 after acquiring an additional 373 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after purchasing an additional 405 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. KeyCorp dropped their price target on Pinterest from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Evercore ISI reduced their target price on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price objective on shares of Pinterest in a research note on Friday, September 13th. Morgan Stanley increased their target price on shares of Pinterest from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 price target on shares of Pinterest in a research report on Thursday, September 12th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.25.

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.