Insider Selling: Pinterest (NYSE:PINS) Director Sells $21,000.00 in Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,050 shares of Pinterest stock in a transaction on Monday, October 5th. The shares were sold at an average price of $20.00, for a total value of $21,000.00. Following the completion of the transaction, the director owned 36,196 shares of the company’s stock, valued at approximately $723,920. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 19th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The stock was sold at an average price of $23.03, for a total value of $24,181.50.

Pinterest Stock Up 1.0%

Shares of NYSE PINS opened at $20.51 on Friday. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $35.42. The business has a 50-day simple moving average of $21.21 and a two-hundred day simple moving average of $20.80. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The company has a market cap of $11.49 billion, a P/E ratio of 60.33, a P/E/G ratio of 1.33 and a beta of 0.90.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. Research analysts anticipate that Pinterest, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on PINS. UBS Group upped their target price on Pinterest from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Citigroup boosted their price target on shares of Pinterest from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Guggenheim raised their price objective on shares of Pinterest from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Mizuho increased their target price on Pinterest from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Barclays raised their price target on Pinterest from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Eighteen analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to MarketBeat, Pinterest has an average rating of “Hold” and an average price target of $27.90.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest’s collaboration with Wayfair UK could support shopping engagement and advertising activity by combining Pinterest’s visual discovery platform with Wayfair’s home-furnishings marketplace. Wayfair UK and Pinterest collaborate on creative campaign
• Positive Sentiment: The company launched Beauty Guides, an AI feature that turns saved hairstyle and nail ideas into salon-ready plans and scripts. The tool may increase user engagement and create additional commerce opportunities, although its direct financial impact remains uncertain. Pinterest AI tells users what to ask their stylist
• Positive Sentiment: Pinterest appointed James Dibbo, an Amazon finance executive, as chief financial officer effective October 26. His experience could strengthen financial planning, investor relations and corporate-development efforts. Pinterest hires Amazon executive as new finance chief
• Neutral Sentiment: Analyst sentiment remains divided, with 18 Buy ratings and 19 Hold ratings and an average target of $27.90. The consensus “Hold” rating limits the strength of the bullish signal, despite targets being above the recent trading level. Pinterest receives average Hold recommendation
• Negative Sentiment: Insiders reported several sales near $20 per share, including Director Benjamin Silbermann’s sale of 46,875 shares for approximately $922,000, plus smaller sales by Gokul Rajaram and Claude Leonard Brown. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance, but the cluster may weigh on sentiment. Pinterest insider selling

Institutional Investors Weigh In On Pinterest

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi raised its holdings in Pinterest by 38.3% during the 1st quarter. Amundi now owns 3,200,829 shares of the company’s stock valued at $58,703,000 after buying an additional 885,927 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Pinterest by 30.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock worth $694,082,000 after acquiring an additional 6,258,628 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Pinterest by 53.4% in the 1st quarter. Lazard Asset Management LLC now owns 1,421,187 shares of the company’s stock worth $26,065,000 after acquiring an additional 494,571 shares during the last quarter. Andra AP fonden increased its position in shares of Pinterest by 7.9% in the fourth quarter. Andra AP fonden now owns 1,915,500 shares of the company’s stock valued at $49,592,000 after acquiring an additional 139,544 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Pinterest by 12.2% in the first quarter. First Trust Advisors LP now owns 1,970,857 shares of the company’s stock valued at $36,145,000 after acquiring an additional 213,677 shares during the period. Institutional investors own 88.81% of the company’s stock.

About Pinterest

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.