Insider Selling: Pinterest (NYSE:PINS) Insider Sells $279,187.20 in Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 14,208 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total value of $279,187.20. Following the completion of the transaction, the insider owned 691,840 shares of the company’s stock, valued at $13,594,656. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wanjiku Juanita Walcott also recently made the following trade(s):

• On Friday, May 29th, Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock. The stock was sold at an average price of $20.46, for a total value of $559,315.02.

Pinterest Stock Performance

NYSE:PINS opened at $20.79 on Friday. The stock’s 50-day moving average is $20.37 and its 200-day moving average is $21.21. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a market cap of $11.65 billion, a P/E ratio of 43.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. During the same quarter last year, the business earned $0.23 EPS. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. Equities research analysts anticipate that Pinterest, Inc. will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PINS. Mizuho raised their target price on Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Evercore set a $27.00 price target on Pinterest in a research report on Tuesday, May 5th. Argus cut Pinterest from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Stifel Nicolaus raised their price objective on Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Robert W. Baird lifted their price objective on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Pinterest has a consensus rating of “Hold” and an average price target of $27.40.

Institutional Trading of Pinterest

A number of institutional investors have recently bought and sold shares of PINS. Elevated Capital Advisors LLC bought a new position in shares of Pinterest in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after purchasing an additional 1,049 shares in the last quarter. Addison Advisors LLC grew its stake in Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after purchasing an additional 1,200 shares during the period. Garner Asset Management Corp acquired a new stake in Pinterest during the fourth quarter worth approximately $36,000. Finally, Summit Securities Group LLC bought a new stake in Pinterest in the first quarter worth approximately $43,000. Institutional investors own 88.81% of the company’s stock.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.