Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Wanjiku Juanita Walcott sold 12,253 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $32.24, for a total transaction of $395,036.72. Following the completion of the transaction, the insider now directly owns 228,510 shares of the company's stock, valued at $7,367,162.40. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Wanjiku Juanita Walcott also recently made the following trade(s):
- On Monday, March 10th, Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock. The shares were sold at an average price of $32.85, for a total value of $219,766.50.
Pinterest Price Performance
Shares of NYSE:PINS opened at $32.29 on Friday. The business's 50 day simple moving average is $34.64 and its 200 day simple moving average is $32.35. The company has a market capitalization of $21.90 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19.
Pinterest (NYSE:PINS - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.
Institutional Investors Weigh In On Pinterest
Several hedge funds have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new stake in shares of Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC raised its holdings in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its stake in Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after purchasing an additional 1,204 shares during the last quarter. True Wealth Design LLC boosted its holdings in Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock worth $49,000 after acquiring an additional 1,487 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after buying an additional 590 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on PINS shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $32.00 price objective (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Wedbush upped their price objective on Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Monness Crespi & Hardt raised shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price target for the company in a research note on Friday, January 10th. Wells Fargo & Company boosted their price objective on shares of Pinterest from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities raised their target price on shares of Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.33.
View Our Latest Analysis on Pinterest
Pinterest Company Profile
(
Get Free Report)
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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