Pinterest, Inc. (NYSE:PINS) Insider Sells $365,586.84 in Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the sale, the insider now directly owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Pinterest Trading Down 0.1 %

NYSE:PINS traded down $0.02 during trading hours on Friday, hitting $30.30. The company had a trading volume of 3,510,815 shares, compared to its average volume of 9,619,156. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The company has a 50-day moving average of $31.80 and a 200 day moving average of $35.44. The company has a market cap of $20.47 billion, a P/E ratio of 100.99, a P/E/G ratio of 2.17 and a beta of 1.02.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PINS shares. Roth Mkm dropped their price objective on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Pinterest in a report on Thursday, September 12th. Rosenblatt Securities lowered their target price on shares of Pinterest from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft started coverage on Pinterest in a research note on Monday, September 23rd. They issued a “buy” rating and a $43.00 price target for the company. Finally, KeyCorp reduced their price target on Pinterest from $45.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.63.

Institutional Investors Weigh In On Pinterest

A number of hedge funds have recently modified their holdings of the company. Brown Shipley& Co Ltd acquired a new position in Pinterest in the second quarter valued at approximately $25,000. Wellington Shields Capital Management LLC purchased a new stake in Pinterest in the 2nd quarter valued at about $26,000. Hexagon Capital Partners LLC lifted its position in Pinterest by 157.7% in the second 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 last quarter. GAMMA Investing LLC boosted its stake in Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after buying an additional 405 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in shares of Pinterest in the 2nd quarter valued at approximately $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.