Chief Product Officer Sabrina Ellis Sells Shares of Pinterest Inc (PINS)
Pinterest Inc (NYSE:PINS) Chief Product Officer Sabrina Ellis sold 24,410 shares of the company's stock on February 27, 2024, according to a recent SEC filing. The transaction was executed at an average price of $35.49 per share, resulting in a total value of $866,330.90.Over the past year, Sabrina Ellis has sold a total of 98,612 shares of Pinterest Inc and has not made any purchases of the stock. The insider transaction history for Pinterest Inc shows a pattern of insider selling, with 56 insider sells and no insider buys over the same timeframe.
Pinterest Inc, a social media company, operates a platform that allows users to discover ideas for various projects and interests. Users can browse and save information on the platform, which is visually oriented, making it a popular site for finding inspiration in areas such as home decor, fashion, food, and more.On the day of the insider's recent sale, shares of Pinterest Inc were trading at $35.49, giving the company a market cap of $24.524 billion. The stock's price-to-GF-Value ratio stands at 1.17, indicating that Pinterest Inc is modestly overvalued according to the GF Value.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also includes a GuruFocus adjustment factor based on the company's historical returns and growth, as well as future business performance estimates provided by Morningstar analysts.The recent insider sell by Sabrina Ellis may provide investors with insight into the insider's perspective on the stock's valuation and future performance. However, it is important for investors to consider a wide range of factors when making investment decisions, including overall market conditions, the company's financial health, and their personal investment strategy.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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