Pinterest, Inc. (NYSE:PINS) Director Sells $81,711.50 in Stock

Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Gokul Rajaram sold 1,934 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was 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 filing with the Securities & Exchange Commission, which is available through this link.

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 transaction 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 Trading Up 0.0 %

NYSE PINS opened at $42.78 on Monday. Pinterest, Inc. has a 12 month low of $21.84 and a 12 month high of $43.12. The stock’s fifty day moving average price is $36.07 and its 200-day moving average price is $35.67. The stock has a market cap of $29.23 billion, a P/E ratio of 203.72, a P/E/G ratio of 4.26 and a beta of 0.99.

Analyst Upgrades and Downgrades

PINS has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Citigroup lifted their price target on Pinterest from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein increased their price objective on Pinterest from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of Pinterest in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada increased their price target on shares of Pinterest from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.26.

View Our Latest Stock Report on PINS

Institutional Trading of Pinterest

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Pinterest by 1.8% in the first quarter. Vanguard Group Inc. now owns 57,343,800 shares of the company’s stock worth $1,988,110,000 after buying an additional 994,848 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Pinterest by 43.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company’s stock valued at $300,639,000 after acquiring an additional 3,390,924 shares in the last quarter. Franklin Resources Inc. boosted its stake in Pinterest by 34.0% during the 4th quarter. Franklin Resources Inc. now owns 10,036,837 shares of the company’s stock valued at $371,764,000 after purchasing an additional 2,548,925 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Pinterest by 12.6% in the 4th quarter. Baillie Gifford & Co. now owns 9,305,759 shares of the company’s stock worth $344,685,000 after purchasing an additional 1,043,173 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Pinterest by 0.7% in the fourth quarter. Capital World Investors now owns 8,887,130 shares of the company’s stock worth $329,179,000 after purchasing an additional 64,270 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

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.