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

Pinterest, Inc. (NYSE:PINSGet Free Report) Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $42.25, for a total value of $81,711.50. Following the completion of the sale, the director now directly owns 29,712 shares of the company’s stock, valued at approximately $1,255,332. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, April 15th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The shares were sold at an average price of $33.34, for a total value of $64,479.56.
  • On Wednesday, March 20th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40.

Pinterest Price Performance

PINS opened at $42.78 on Friday. The stock has a market capitalization of $29.23 billion, a PE ratio of 203.72, a P/E/G ratio of 4.26 and a beta of 0.99. The firm’s fifty day moving average price is $36.07 and its 200 day moving average price is $35.60. Pinterest, Inc. has a 12-month low of $21.84 and a 12-month high of $43.12.

Hedge Funds Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently bought and sold shares of PINS. GAMMA Investing LLC bought a new stake in shares of Pinterest during the fourth quarter valued at about $27,000. Rakuten Securities Inc. acquired a new position in shares of Pinterest in the 4th quarter valued at $30,000. Washington Trust Advisors Inc. lifted its stake 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 buying an additional 326 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Pinterest by 71.2% in the first quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock worth $38,000 after buying an additional 460 shares during the period. Finally, Clear Street Markets LLC purchased a new position in shares of Pinterest in the third quarter worth approximately $41,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PINS. Piper Sandler increased their price target on shares of Pinterest from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Wedbush increased their target price on Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Royal Bank of Canada upped their price target on Pinterest from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of Pinterest in a research note on Wednesday, May 1st. Finally, Loop Capital increased their target price on shares of Pinterest from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Eight equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and an average price target of $41.26.

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About Pinterest

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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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