Pinterest, Inc. (NYSE:PINS) Director Sells $35,627.00 in Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $30.98, for a total value of $35,627.00. Following the sale, the director now directly owns 31,386 shares in the company, valued at $972,338.28. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gokul Rajaram also recently made the following trade(s):

• On Wednesday, November 20th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The stock was sold at an average price of $29.73, for a total value of $34,189.50.
• On Wednesday, October 16th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $33.52, for a total value of $38,548.00.

Pinterest Stock Down 0.4 %

Shares of PINS stock opened at $29.49 on Friday. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The firm’s 50 day moving average price is $31.31 and its two-hundred day moving average price is $34.28. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 98.30, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PINS. Deutsche Bank Aktiengesellschaft started coverage on shares of Pinterest in a research note on Monday, September 23rd. They issued a “buy” rating and a $43.00 price objective on the stock. UBS Group dropped their price objective on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Pinterest in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Roth Mkm cut their price target on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.46.

Hedge Funds Weigh In On Pinterest

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Shipley& Co Ltd purchased a new position in Pinterest in the second quarter valued at about $25,000. Wellington Shields Capital Management LLC purchased a new stake in shares of Pinterest during the 2nd quarter valued at about $26,000. Rothschild Investment LLC acquired a new position in Pinterest during the 2nd quarter worth approximately $35,000. V Square Quantitative Management LLC purchased a new position in Pinterest in the 3rd quarter worth approximately $37,000. Finally, Crewe Advisors LLC grew its position in Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

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.