Gokul Rajaram Sells 1,050 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,050 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $20.00, for a total value of $21,000.00. Following the transaction, the director owned 40,396 shares of the company’s stock, valued at approximately $807,920. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Gokul Rajaram sold 2,100 shares of Pinterest stock. The stock was sold at an average price of $20.00, for a total value of $42,000.00.
• On Friday, March 6th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The stock was sold at an average price of $20.00, for a total value of $21,000.00.

Pinterest Stock Performance

Shares of NYSE PINS opened at $20.67 on Friday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $19.36 and a 200-day simple moving average of $21.98. The company has a market cap of $11.58 billion, a PE ratio of 43.06, a P/E/G ratio of 1.07 and a beta of 0.93. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities research analysts forecast that Pinterest, Inc. will post 0.69 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on PINS. TD Cowen boosted their price objective on Pinterest from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price objective on Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Zacks Research raised Pinterest from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Piper Sandler reissued a “neutral” rating and issued a $26.00 price objective (up from $21.00) on shares of Pinterest in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price objective on shares of Pinterest in a research note on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Pinterest has a consensus rating of “Hold” and a consensus target price of $27.40.

Institutional Trading of Pinterest

Hedge funds have recently modified their holdings of the business. Snowden Capital Advisors LLC grew its position in Pinterest by 4.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Pinterest by 3.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Pinterest by 46.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after buying an additional 419 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Pinterest by 0.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 88,297 shares of the company’s stock valued at $2,841,000 after acquiring an additional 448 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its position in shares of Pinterest by 0.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock valued at $2,484,000 after acquiring an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Zacks highlighted Pinterest as a top long-term value stock, which may be helping support shares by reinforcing the bull case for patient investors. Article Title
• Positive Sentiment: Investor-interest articles and broader coverage suggest Pinterest remains a widely watched name, which can keep trading activity elevated around the stock. Article Title
• Neutral Sentiment: Director Gokul Rajaram sold 1,050 shares in a pre-arranged Rule 10b5-1 transaction. While routine, insider selling can still make some investors cautious. Article Title
• Negative Sentiment: Multiple law firms continued to publicize securities-fraud class action deadlines against Pinterest ahead of the May 29 lead-plaintiff cutoff, keeping legal uncertainty in focus for shareholders. Article Title

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.