Donnelly Julia Brau Sells 38,596 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 38,596 shares of Pinterest stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $34.27, for a total transaction of $1,322,684.92. Following the sale, the chief financial officer now owns 231,879 shares in the company, valued at approximately $7,946,493.33. This trade represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Pinterest Stock Performance

Shares of NYSE PINS opened at $34.37 on Friday. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The company’s 50 day moving average price is $34.13 and its 200-day moving average price is $32.28. The company has a market capitalization of $23.31 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in Pinterest by 104.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock worth $737,533,000 after buying an additional 12,986,310 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Pinterest by 49.7% during the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock worth $395,441,000 after buying an additional 4,527,902 shares during the last quarter. State Street Corp grew its stake in shares of Pinterest by 1.2% in the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company’s stock worth $413,483,000 after acquiring an additional 156,748 shares in the last quarter. FMR LLC grew its stake in shares of Pinterest by 2.6% in the 4th quarter. FMR LLC now owns 12,599,356 shares of the company’s stock worth $365,381,000 after acquiring an additional 316,633 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Pinterest in the 4th quarter worth $358,205,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on PINS shares. Wedbush boosted their price target on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. KeyCorp boosted their target price on shares of Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Oppenheimer boosted their target price on shares of Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. Finally, Guggenheim boosted their target price on shares of Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.47.

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.