Insider Selling: Pinterest (NYSE:PINS) CEO Sells 105,000 Shares of Stock

Pinterest (NYSE:PINS) CEO Benjamin Silbermann sold 105,000 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $41.00, for a total transaction of $4,305,000.00. Following the completion of the sale, the chief executive officer now owns 105,000 shares in the company, valued at $4,305,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Benjamin Silbermann also recently made the following trade(s):

  • On Thursday, October 1st, Benjamin Silbermann sold 105,000 shares of Pinterest stock. The stock was sold at an average price of $43.30, for a total transaction of $4,546,500.00.
  • On Thursday, September 17th, Benjamin Silbermann sold 105,000 shares of Pinterest stock. The shares were sold at an average price of $36.64, for a total transaction of $3,847,200.00.
  • On Tuesday, September 15th, Benjamin Silbermann sold 105,000 shares of Pinterest stock. The shares were sold at an average price of $37.12, for a total transaction of $3,897,600.00.
  • On Thursday, September 10th, Benjamin Silbermann sold 80,963 shares of Pinterest stock. The shares were sold at an average price of $35.71, for a total transaction of $2,891,188.73.
  • On Tuesday, September 8th, Benjamin Silbermann sold 86,450 shares of Pinterest stock. The shares were sold at an average price of $34.74, for a total transaction of $3,003,273.00.
  • On Thursday, September 3rd, Benjamin Silbermann sold 86,450 shares of Pinterest stock. The shares were sold at an average price of $36.50, for a total transaction of $3,155,425.00.
  • On Tuesday, September 1st, Benjamin Silbermann sold 86,450 shares of Pinterest stock. The shares were sold at an average price of $37.40, for a total transaction of $3,233,230.00.
  • On Thursday, August 13th, Benjamin Silbermann sold 78,772 shares of Pinterest stock. The shares were sold at an average price of $35.11, for a total transaction of $2,765,684.92.
  • On Tuesday, August 11th, Benjamin Silbermann sold 82,091 shares of Pinterest stock. The stock was sold at an average price of $35.11, for a total transaction of $2,882,215.01.
  • On Thursday, August 6th, Benjamin Silbermann sold 86,450 shares of Pinterest stock. The stock was sold at an average price of $35.88, for a total transaction of $3,101,826.00.

NYSE:PINS traded up $3.02 during trading hours on Thursday, hitting $44.53. The stock had a trading volume of 30,602,750 shares, compared to its average volume of 15,058,382. Pinterest has a 1-year low of $10.10 and a 1-year high of $44.70. The company has a current ratio of 11.75, a quick ratio of 11.75 and a debt-to-equity ratio of 0.08. The company has a market cap of $26.74 billion, a PE ratio of -62.72 and a beta of 1.88. The business has a 50 day simple moving average of $36.21 and a two-hundred day simple moving average of $24.89.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Friday, July 31st. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.24. Pinterest had a negative net margin of 32.88% and a negative return on equity of 20.50%. The business had revenue of $272.30 million during the quarter, compared to the consensus estimate of $254.79 million. During the same quarter last year, the company earned ($0.06) earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts expect that Pinterest will post -0.53 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Pinterest by 5.7% during the second quarter. US Bancorp DE now owns 5,891 shares of the company’s stock worth $130,000 after buying an additional 316 shares in the last quarter. Optas LLC grew its position in shares of Pinterest by 0.6% during the second quarter. Optas LLC now owns 75,453 shares of the company’s stock worth $1,673,000 after buying an additional 443 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Pinterest by 152.2% during the second quarter. Flagship Harbor Advisors LLC now owns 1,135 shares of the company’s stock worth $25,000 after buying an additional 685 shares in the last quarter. Full Sail Capital LLC grew its position in shares of Pinterest by 10.0% during the first quarter. Full Sail Capital LLC now owns 11,000 shares of the company’s stock worth $218,000 after buying an additional 1,000 shares in the last quarter. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Pinterest during the second quarter worth approximately $26,000. 54.51% of the stock is owned by institutional investors and hedge funds.

PINS has been the topic of several recent analyst reports. Citigroup lowered shares of Pinterest from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $25.00 to $35.00 in a report on Monday, August 24th. Goldman Sachs Group increased their price objective on shares of Pinterest from $17.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. They noted that the move was a valuation call. Guggenheim assumed coverage on shares of Pinterest in a report on Monday. They set a “buy” rating and a $48.00 price objective on the stock. Morgan Stanley raised shares of Pinterest from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $34.00 to $44.00 in a research report on Monday, August 10th. Finally, Rosenblatt Securities increased their target price on shares of Pinterest from $21.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Fourteen research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $32.69.

About Pinterest

Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.

Featured Story: Depreciation

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

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