Oak Thistle LLC Sells 10,171 Shares of Pinterest, Inc. (NYSE:PINS)

Oak Thistle LLC trimmed its position in Pinterest, Inc. (NYSE:PINSFree Report) by 32.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,119 shares of the company’s stock after selling 10,171 shares during the quarter. Oak Thistle LLC’s holdings in Pinterest were worth $782,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Cohanzick Management LLC bought a new stake in Pinterest in the first quarter valued at $25,000. Washington Trust Advisors Inc. grew its position in Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after acquiring an additional 326 shares during the period. Blue Trust Inc. grew its position in Pinterest by 87.7% in the fourth quarter. Blue Trust Inc. now owns 1,192 shares of the company’s stock valued at $44,000 after acquiring an additional 557 shares during the period. Global Retirement Partners LLC grew its position in Pinterest by 396.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,300 shares of the company’s stock valued at $48,000 after acquiring an additional 1,038 shares during the period. Finally, Clear Street Markets LLC bought a new stake in Pinterest in the third quarter valued at $41,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Price Performance

NYSE:PINS opened at $35.14 on Wednesday. Pinterest, Inc. has a 1-year low of $20.60 and a 1-year high of $41.60. The business’s 50-day moving average price is $36.10 and its two-hundred day moving average price is $33.41.

Pinterest (NYSE:PINSGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. Analysts predict that Pinterest, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Argus upgraded Pinterest from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, January 18th. Susquehanna increased their target price on Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Roth Mkm increased their target price on Pinterest from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Evercore ISI increased their target price on Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, KeyCorp increased their target price on Pinterest from $37.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Seven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and a consensus price target of $37.80.

Check Out Our Latest Stock Analysis on Pinterest

Insider Transactions at Pinterest

In other news, insider Sabrina Ellis sold 24,410 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total transaction of $866,310.90. Following the sale, the insider now owns 500,504 shares of the company’s stock, valued at $17,762,886.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Sabrina Ellis sold 24,410 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total transaction of $866,310.90. Following the completion of the transaction, the insider now directly owns 500,504 shares in the company, valued at $17,762,886.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey D. Jordan sold 20,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $35.08, for a total value of $701,600.00. Following the transaction, the director now owns 34,215 shares of the company’s stock, valued at $1,200,262.20. The disclosure for this sale can be found here. Insiders have sold a total of 184,471 shares of company stock valued at $6,531,381 over the last 90 days. 6.85% of the stock is owned by company insiders.

Pinterest Profile

(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.

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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