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 value of $990,761.60. Following the sale, the chief financial officer now directly 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 SEC, which is accessible through this hyperlink.

Pinterest Stock Performance

PINS stock traded down $0.11 on Monday, hitting $32.37. 5,756,255 shares of the company’s stock were exchanged, compared to its average volume of 9,599,893. Pinterest, Inc. has a 12-month low of $23.59 and a 12-month high of $45.19. The firm has a 50 day moving average price of $31.68 and a two-hundred day moving average price of $36.63. The stock has a market cap of $22.21 billion, a P/E ratio of 154.39, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $853.68 million for the quarter, compared to the consensus estimate of $848.75 million. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. Sell-side analysts expect that Pinterest, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 price target on shares of Pinterest in a research note on Thursday, September 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $41.00 price target on shares of Pinterest in a research note on Monday. Wedbush decreased their price target on Pinterest from $46.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. decreased their target price on Pinterest from $44.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Finally, Raymond James decreased their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.

Institutional Trading of Pinterest

Large investors have recently added to or reduced their stakes in the company. Brown Shipley& Co Ltd acquired a new position in shares of Pinterest in the 2nd quarter valued at about $25,000. Wellington Shields Capital Management LLC acquired a new position in shares of Pinterest in the 2nd quarter valued at about $26,000. Hexagon Capital Partners LLC lifted its holdings in shares of Pinterest by 157.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after buying an additional 459 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Pinterest by 113.4% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after buying an additional 405 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of Pinterest in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors 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.