Pinterest, Inc. $PINS Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lessened its stake in Pinterest, Inc. (NYSE:PINS) by 71.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,900 shares of the company’s stock after selling 31,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Pinterest were worth $463,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Pinterest in the 1st quarter valued at about $25,000. Garde Capital Inc. acquired a new stake in shares of Pinterest in the 1st quarter valued at about $26,000. NBC Securities Inc. raised its stake in shares of Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock valued at $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Pinterest in the 1st quarter valued at about $32,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Pinterest by 665.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $38,000 after purchasing an additional 1,058 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Buying and Selling

In related news, CFO Donnelly Julia Brau sold 29,606 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the transaction, the chief financial officer owned 362,890 shares in the company, valued at $12,428,982.50. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $34.96, for a total transaction of $3,568,821.68. The disclosure for this sale can be found here. Insiders have sold 985,922 shares of company stock worth $35,483,209 in the last quarter. Company insiders own 7.11% of the company’s stock.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $36.26 on Wednesday. The firm’s 50 day moving average is $36.70 and its two-hundred day moving average is $33.09. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The firm has a market capitalization of $24.65 billion, a P/E ratio of 13.00, a PEG ratio of 1.52 and a beta of 0.77.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same quarter in the previous year, the business posted $0.29 EPS. Pinterest’s revenue for the quarter was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PINS. Wells Fargo & Company set a $42.00 target price on shares of Pinterest and gave the company an “overweight” rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. upgraded shares of Pinterest from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $40.00 in a research note on Tuesday, June 3rd. Piper Sandler set a $40.00 price objective on shares of Pinterest in a research note on Friday, August 8th. Guggenheim reiterated a “buy” rating on shares of Pinterest in a research note on Tuesday, September 2nd. Finally, Monness Crespi & Hardt increased their price objective on shares of Pinterest from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and an average price target of $42.40.

Pinterest Company Profile

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.