Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram Sells 1,150 Shares

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total value of $35,627.00. Following the transaction, the director now directly owns 31,386 shares of the company’s stock, valued at approximately $972,338.28. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, November 20th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The stock was sold at an average price of $29.73, for a total value of $34,189.50.
• On Wednesday, October 16th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00.

Pinterest Trading Down 0.9 %

NYSE:PINS traded down $0.26 during trading hours on Thursday, hitting $29.61. 10,209,645 shares of the company traded hands, compared to its average volume of 9,693,514. The stock has a market capitalization of $20.01 billion, a price-to-earnings ratio of 98.70, a P/E/G ratio of 2.17 and a beta of 1.02. The firm has a 50-day moving average of $31.49 and a 200 day moving average of $34.44. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PINS shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $48.00 target price on shares of Pinterest in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their target price on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Benchmark restated a “hold” rating on shares of Pinterest in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pinterest in a research report on Monday, September 23rd. They set a “buy” rating and a $43.00 price objective on the stock. Finally, Roth Mkm lowered their price target on Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.46.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently added to or reduced their stakes in PINS. Brown Shipley& Co Ltd acquired a new position in shares of Pinterest in the 2nd quarter valued at $25,000. Wellington Shields Capital Management LLC bought a new position in Pinterest during the second quarter worth about $26,000. Rothschild Investment LLC bought a new position in Pinterest during the second quarter worth about $35,000. V Square Quantitative Management LLC acquired a new position in shares of Pinterest in the 3rd quarter worth approximately $37,000. Finally, Crewe Advisors LLC lifted its position in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after buying an additional 550 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

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.