Gokul Rajaram Sells 1,934 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINSGet Free Report) Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $42.25, for a total transaction of $81,711.50. Following the completion of the transaction, the director now directly owns 29,712 shares in the company, valued at approximately $1,255,332. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, April 15th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The stock was 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 shares were sold at an average price of $34.10, for a total value of $65,949.40.

Pinterest Stock Performance

Pinterest stock opened at $42.78 on Friday. The stock has a market capitalization 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. The company’s fifty day moving average price is $36.07 and its 200 day moving average price is $35.60. Pinterest, Inc. has a 1 year low of $21.84 and a 1 year high of $43.12.

Hedge Funds Weigh In On Pinterest

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PINS. ARK Investment Management LLC raised its position in shares of Pinterest by 152.3% during the 4th quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock worth $53,507,000 after purchasing an additional 872,016 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Pinterest by 57.9% during the fourth quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock valued at $32,766,000 after acquiring an additional 323,547 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Pinterest by 3,402.0% in the fourth quarter. International Assets Investment Management LLC now owns 80,266 shares of the company’s stock valued at $2,973,000 after acquiring an additional 77,974 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Pinterest by 53.1% in the third quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company’s stock worth $84,826,000 after acquiring an additional 1,089,299 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Pinterest by 55.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock worth $6,477,000 after acquiring an additional 62,117 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Citigroup upped their target price on Pinterest from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein upped their price objective on shares of Pinterest from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Wedbush lifted their target price on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. KeyCorp cut their price target on shares of Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Finally, Roth Mkm raised their price target on shares of Pinterest from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and an average target price of $41.26.

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About Pinterest

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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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