Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gokul Rajaram also recently made the following trade(s):
- On Wednesday, March 20th, Gokul Rajaram sold 1,934 shares of Pinterest stock. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40.
Pinterest Stock Down 1.5 %
PINS opened at $32.40 on Friday. The company has a fifty day moving average price of $34.79 and a two-hundred day moving average price of $33.97. Pinterest, Inc. has a 52 week low of $20.60 and a 52 week high of $41.60.
Institutional Trading of Pinterest
Institutional investors have recently bought and sold shares of the business. ARK Investment Management LLC grew its holdings in 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 acquiring an additional 872,016 shares during the period. Nordea Investment Management AB grew its holdings in shares of Pinterest by 57.9% in the 4th quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock valued at $32,766,000 after buying an additional 323,547 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Pinterest by 53.1% in the 3rd quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company’s stock valued at $84,826,000 after buying an additional 1,089,299 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Pinterest by 55.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock valued at $6,477,000 after buying an additional 62,117 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Pinterest by 1,059.5% in the 3rd quarter. National Bank of Canada FI now owns 85,723 shares of the company’s stock valued at $2,318,000 after buying an additional 78,330 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on PINS shares. BMO Capital Markets started coverage on shares of Pinterest in a research note on Tuesday, January 9th. They set an “outperform” rating and a $45.00 price target for the company. Evercore ISI raised their price target on shares of Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Piper Sandler reiterated an “overweight” rating and issued a $48.00 target price on shares of Pinterest in a research note on Tuesday, March 26th. Wedbush lifted their target price on shares of Pinterest from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada lifted their target price on shares of Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.97.
Read Our Latest Stock Report 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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