Pinterest, Inc. (NYSE:PINS – Get Rating) CEO Benjamin Silbermann sold 59,154 shares of the company’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $20.58, for a total transaction of $1,217,389.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE PINS traded up $0.40 during trading hours on Monday, hitting $19.99. 825,173 shares of the stock were exchanged, compared to its average volume of 12,753,781. The company has a market cap of $13.16 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 7.59 and a beta of 1.19. The company’s fifty day simple moving average is $24.36 and its two-hundred day simple moving average is $33.90. Pinterest, Inc. has a 1-year low of $19.20 and a 1-year high of $81.77.
Pinterest (NYSE:PINS – Get Rating) last posted its quarterly earnings results on Thursday, February 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $846.66 million for the quarter, compared to analyst estimates of $831.23 million. Pinterest had a net margin of 12.27% and a return on equity of 13.74%. During the same quarter last year, the business posted $0.30 EPS. Equities analysts anticipate that Pinterest, Inc. will post 0.2 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pendal Group Ltd lifted its stake in Pinterest by 55.4% in the 1st quarter. Pendal Group Ltd now owns 8,673 shares of the company’s stock valued at $213,000 after purchasing an additional 3,091 shares during the last quarter. Truist Financial Corp lifted its stake in Pinterest by 1.6% in the 1st quarter. Truist Financial Corp now owns 118,803 shares of the company’s stock valued at $2,924,000 after purchasing an additional 1,819 shares during the last quarter. UMB Bank N A MO lifted its stake in Pinterest by 117.1% in the 1st quarter. UMB Bank N A MO now owns 3,415 shares of the company’s stock valued at $84,000 after purchasing an additional 1,842 shares during the last quarter. Zazove Associates LLC bought a new position in Pinterest in the 1st quarter valued at approximately $984,000. Finally, Empowered Funds LLC bought a new position in Pinterest in the 1st quarter valued at approximately $328,000.
About Pinterest (Get Rating)
Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.
- Get a free copy of the StockNews.com research report on Pinterest (PINS)
- Hasbro Insider Bets Big On Stock Rebound
- The Coca-Cola Company Gets KO’d After Stunning Quarter
- Schwab Stock Can Be Caught Down Here
- Snap Up Some Snap-On On Post-Earnings Weakness
- Time to Buy any Dip in Prologis Stock
Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.