Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Gokul Rajaram sold 1,050 shares of the company's stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $22.84, for a total transaction of $23,982.00. Following the sale, the director directly owned 35,146 shares in the company, valued at approximately $802,734.64. The trade was a 2.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Monday, October 5th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The shares were sold at an average price of $20.00, for a total transaction of $21,000.00.
- 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 transaction of $24,181.50.
Pinterest Stock Performance
Shares of NYSE:PINS opened at $22.98 on Thursday. The firm has a fifty day simple moving average of $20.90 and a two-hundred day simple moving average of $21.05. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $35.42. 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 stock has a market capitalization of $12.87 billion, a P/E ratio of 67.58, a PEG ratio of 1.50 and a beta of 0.90.
Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. 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 company earned $0.33 EPS. The business's revenue was up 18.2% compared to the same quarter last year. On average, analysts expect that Pinterest, Inc. will post 0.58 earnings per share for the current fiscal year.
More Pinterest News
Here are the key news stories impacting Pinterest this week:
- Positive Sentiment: Phillip Securities upgraded Pinterest to “strong buy,” adding to the bullish view of the company’s recent performance and longer-term prospects. Phillip Securities upgrades Pinterest
- Positive Sentiment: Pinterest is positioning its platform as a longer holiday-shopping discovery funnel, potentially giving advertisers more opportunities to reach users before and during the purchasing cycle. This could support engagement and seasonal ad revenue. Pinterest holiday shopping discovery cycle
- Positive Sentiment: A recent analysis argues that Pinterest may be undervalued, citing its debt-light balance sheet, large global user base and potential to improve monetization through commerce and advertising. AppLovin versus Pinterest analysis
- Neutral Sentiment: Pinterest replaced a $500 million revolving credit line with a five-year, $700 million asset-backed facility. The larger financing capacity improves liquidity, but tighter covenants and secured collateral make the refinancing a mixed development. Pinterest funding toolkit analysis
- Neutral Sentiment: Increased investor attention has prompted analysis of whether PINS is a buy at current levels. Its recent earnings beat—with revenue up 18.2% year over year—provides support, but the stock’s elevated earnings multiple leaves less room for execution mistakes. Zacks Pinterest stock analysis
- Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares worth about $1.06 million, while director Gokul Rajaram sold 1,050 shares worth approximately $24,000. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but insider selling can still weigh modestly on sentiment. Pinterest insider sale filing
Institutional Investors Weigh In On Pinterest
Several institutional investors have recently made changes to their positions in PINS. Renaissance Technologies LLC lifted its holdings in shares of Pinterest by 271.1% in the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company's stock worth $109,831,000 after acquiring an additional 4,375,000 shares during the last quarter. Bank of America Corp DE grew its holdings in Pinterest by 15.4% during the 1st quarter. Bank of America Corp DE now owns 5,848,116 shares of the company's stock valued at $107,254,000 after purchasing an additional 779,998 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Pinterest by 300.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,398,316 shares of the company's stock valued at $83,084,000 after purchasing an additional 3,299,884 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Pinterest by 11.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,014,388 shares of the company's stock valued at $73,624,000 after purchasing an additional 401,619 shares during the last quarter. Finally, Senvest Management LLC raised its position in Pinterest by 5.1% in the 1st quarter. Senvest Management LLC now owns 3,594,581 shares of the company's stock worth $65,925,000 after purchasing an additional 175,000 shares during the period. Institutional investors own 88.81% of the company's stock.
Analyst Ratings Changes
PINS has been the topic of several analyst reports. Zacks Research cut Pinterest from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 13th. Rosenblatt Securities raised their price objective on Pinterest from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $30.00 target price on shares of Pinterest in a report on Wednesday, August 5th. Susquehanna reiterated a "positive" rating on shares of Pinterest in a report on Wednesday, August 5th. Finally, Guggenheim boosted their target price on Pinterest from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.90.
View Our Latest Research Report on PINS
Pinterest Company Profile
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Get Free Report)
Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.
The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.
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