Pinterest, Inc. (NYSE:PINS – Get Free Report) CFO Donnelly Julia Brau sold 30,221 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $35.45, for a total value of $1,071,334.45. Following the transaction, the chief financial officer now owns 327,358 shares in the company, valued at $11,604,841.10. The sale was disclosed in a document filed with the SEC, which is available at this link.
Donnelly Julia Brau also recently made the following trade(s):
- On Monday, March 11th, Donnelly Julia Brau sold 65,972 shares of Pinterest stock. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24.
Pinterest Stock Down 0.6 %
NYSE PINS traded down $0.20 during trading hours on Thursday, reaching $34.68. The company’s stock had a trading volume of 4,275,219 shares, compared to its average volume of 10,286,590. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60. The firm’s 50-day moving average price is $36.27 and its 200-day moving average price is $33.14.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PINS. Cohanzick Management LLC bought a new stake in Pinterest during the first quarter worth approximately $25,000. GAMMA Investing LLC bought a new position in Pinterest during the fourth quarter valued at $27,000. Quarry LP purchased a new stake in Pinterest in the 4th quarter worth about $27,000. Rakuten Securities Inc. bought a new stake in Pinterest in the fourth quarter worth about $30,000. Finally, Washington Trust Advisors Inc. grew its stake in shares of Pinterest by 46.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after buying an additional 326 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded Pinterest from a “hold” rating to a “buy” rating and increased their target price for the stock from $32.00 to $41.00 in a research report on Thursday, November 30th. Wedbush boosted their price objective on Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. KeyCorp increased their price target on shares of Pinterest from $37.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Susquehanna increased their price objective on Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Finally, Stifel Nicolaus upped their price objective on shares of Pinterest from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Seven research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and an average target price of $37.80.
Get Our Latest Analysis on Pinterest
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.
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