Pinterest, Inc. (NYSE:PINS) CAO Sells $118,733.60 in Stock

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,845 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total value of $118,733.60. Following the completion of the transaction, the chief accounting officer now directly owns 158,468 shares of the company’s stock, valued at $4,893,491.84. The trade was a 2.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Pinterest Price Performance

Shares of Pinterest stock opened at $30.32 on Monday. The firm has a market cap of $20.49 billion, a PE ratio of 101.07, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The business’s fifty day simple moving average is $31.80 and its 200-day simple moving average is $35.35.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PINS. Massachusetts Financial Services Co. MA lifted its holdings in shares of Pinterest by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock worth $27,326,000 after acquiring an additional 32,539 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Pinterest by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company’s stock worth $137,669,000 after purchasing an additional 87,041 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of Pinterest by 20.3% during the third quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company’s stock worth $13,087,000 after buying an additional 68,096 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Pinterest by 8.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company’s stock valued at $192,423,000 after buying an additional 460,708 shares in the last quarter. Finally, GDS Wealth Management purchased a new stake in shares of Pinterest in the 3rd quarter valued at $2,517,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PINS. Wedbush raised Pinterest from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Oppenheimer decreased their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 target price on shares of Pinterest in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Pinterest in a research note on Monday, September 23rd. They issued a “buy” rating and a $43.00 price target on the stock. Finally, Roth Mkm cut their price objective on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.65.

Pinterest Company Profile

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.