Pinterest, Inc. (NYSE:PINS – Get Rating) was the target of unusually large options trading activity on Thursday. Investors purchased 85,588 call options on the stock. This is an increase of approximately 46% compared to the average daily volume of 58,815 call options.

Insiders Place Their Bets

In other Pinterest news, SVP Naveen Gavini sold 4,756 shares of the firm's stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $24.50, for a total value of $116,522.00. Following the completion of the sale, the senior vice president now owns 464,979 shares of the company's stock, valued at $11,391,985.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Naveen Gavini sold 4,756 shares of Pinterest stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $24.50, for a total transaction of $116,522.00. Following the completion of the sale, the senior vice president now owns 464,979 shares of the company's stock, valued at $11,391,985.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Benjamin Silbermann sold 150,000 shares of Pinterest stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $24.50, for a total transaction of $3,675,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,588,857 shares of company stock valued at $63,670,284 over the last 90 days. Insiders own 7.58% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Elliott Investment Management L.P. raised its position in Pinterest by 200.0% during the third quarter. Elliott Investment Management L.P. now owns 15,000,000 shares of the company's stock valued at $349,500,000 after acquiring an additional 10,000,000 shares in the last quarter. Marshall Wace LLP raised its position in Pinterest by 627.8% during the third quarter. Marshall Wace LLP now owns 10,282,402 shares of the company's stock valued at $239,583,000 after acquiring an additional 8,869,542 shares in the last quarter. Bank of Nova Scotia raised its position in Pinterest by 632.6% during the second quarter. Bank of Nova Scotia now owns 10,229,664 shares of the company's stock valued at $185,784,000 after acquiring an additional 8,833,290 shares in the last quarter. Renaissance Technologies LLC raised its position in Pinterest by 262.8% during the first quarter. Renaissance Technologies LLC now owns 11,515,600 shares of the company's stock valued at $283,399,000 after acquiring an additional 8,341,222 shares in the last quarter. Finally, Natixis raised its position in Pinterest by 92.5% during the second quarter. Natixis now owns 9,818,000 shares of the company's stock valued at $179,645,000 after acquiring an additional 4,718,191 shares in the last quarter. 71.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Pinterest Stock Up 9.0 %

Shares of NYSE:PINS opened at $29.10 on Friday. Pinterest has a 52-week low of $16.14 and a 52-week high of $29.17. The stock has a market cap of $19.74 billion, a price-to-earnings ratio of 415.77 and a beta of 0.98. The business has a 50-day moving average price of $25.10 and a 200-day moving average price of $23.67.

Pinterest Company Profile

(Get Rating)

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

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