Gokul Rajaram Sells 1,934 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the transaction, the director now owns 31,646 shares in the company, valued at $1,055,077.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, March 20th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The shares were sold at an average price of $34.10, for a total value of $65,949.40.

Pinterest Price Performance

NYSE:PINS opened at $32.92 on Friday. The business’s fifty day moving average price is $34.87 and its 200 day moving average price is $33.93. Pinterest, Inc. has a 12 month low of $20.60 and a 12 month high of $41.60.

Pinterest (NYSE:PINS) last posted its earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. As a group, equities research analysts predict that Pinterest, Inc. will post 0.36 EPS for the current year.

Hedge Funds Weigh In On Pinterest

Large investors have recently bought and sold shares of the business. Cohanzick Management LLC purchased a new position in Pinterest in the first quarter valued at $25,000. GAMMA Investing LLC acquired a new position in Pinterest in the fourth quarter valued at $27,000. Quarry LP acquired a new position in Pinterest in the fourth quarter valued at $27,000. Rakuten Securities Inc. acquired a new position in Pinterest in the fourth quarter valued at $30,000. Finally, Washington Trust Advisors Inc. boosted its stake in Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after acquiring an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PINS shares. BMO Capital Markets started coverage on Pinterest in a report on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 price objective on the stock. Wedbush upped their price objective on Pinterest from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Evercore ISI upped their price objective on Pinterest from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Piper Sandler reiterated an “overweight” rating and issued a $48.00 price objective on shares of Pinterest in a report on Tuesday, March 26th. Finally, Susquehanna upped their price objective on Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a report on Friday, February 9th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $37.97.

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.