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

Pinterest, Inc. (NYSE:PINSGet Free Report) Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the transaction, the director now owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 Trading Up 0.2 %

NYSE PINS opened at $32.78 on Thursday. Pinterest, Inc. has a 1-year low of $20.60 and a 1-year high of $41.60. The company has a 50 day moving average of $35.19 and a 200-day moving average of $33.95.

Pinterest (NYSE:PINSGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. The company had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. Sell-side analysts expect that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in Pinterest during the fourth quarter valued at approximately $27,000. Quarry LP acquired a new position in Pinterest during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new position in Pinterest during the fourth quarter valued at approximately $30,000. Cohanzick Management LLC acquired a new position in Pinterest during the first quarter valued at approximately $25,000. Finally, Washington Trust Advisors Inc. raised its position in Pinterest by 46.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. KeyCorp raised their price objective on Pinterest from $37.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Royal Bank of Canada lifted their price target on Pinterest from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. BMO Capital Markets assumed coverage on Pinterest in a report on Tuesday, January 9th. They set an “outperform” rating and a $45.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price target on shares of Pinterest in a report on Friday, February 9th. Finally, Wedbush lifted their price target on Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and an average target price of $37.97.

View Our Latest Research Report on PINS

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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Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

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