Pinterest (NYSE:PINS) Director Benjamin Silbermann Sells 46,875 Shares of Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $20.50, for a total value of $960,937.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Price Performance

Pinterest stock opened at $21.57 on Friday. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The business has a 50-day simple moving average of $19.59 and a 200 day simple moving average of $21.77. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 1.12 and a beta of 0.92.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $965.84 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. On average, research analysts forecast that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Pinterest by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company’s stock valued at $1,606,632,000 after acquiring an additional 1,069,646 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Pinterest by 15.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock valued at $719,994,000 after acquiring an additional 3,669,476 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Pinterest by 30.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after acquiring an additional 6,258,628 shares during the last quarter. State Street Corp lifted its stake in shares of Pinterest by 52.6% in the 4th quarter. State Street Corp now owns 21,492,169 shares of the company’s stock valued at $556,432,000 after acquiring an additional 7,412,213 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Pinterest by 10.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock valued at $634,767,000 after acquiring an additional 1,913,668 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Trending Headlines about Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest announced a major AWS partnership expansion, including a planned $4 billion commitment through 2031, which should support its AI infrastructure and product experience for more than 600 million monthly users. Pinterest Works with AWS to Power Next Chapter of AI-Driven Visual Search Discovery
• Positive Sentiment: Investors appear to be betting that the AWS deal could strengthen Pinterest’s AI-driven visual discovery and ad/shopping tools, potentially improving engagement and monetization over time. Pinterest signs $4 billion Amazon deal for cloud services
• Neutral Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged Rule 10b5-1 plan, a disclosure that may create some caution but does not necessarily signal a negative change in fundamentals. Benjamin Silbermann sale filing
• Neutral Sentiment: One recent article noted Pinterest had been under pressure after its last earnings report, but the AWS announcement is now the clearer near-term catalyst for the shares. Why Is Pinterest (PINS) Down 6.3% Since Last Earnings Report?

Analysts Set New Price Targets

PINS has been the subject of several research analyst reports. Bank of America reaffirmed a “neutral” rating and set a $19.00 price target (down from $39.00) on shares of Pinterest in a research note on Friday, February 13th. Rosenblatt Securities lifted their price target on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price target on shares of Pinterest in a research note on Tuesday, May 5th. Evercore set a $27.00 price target on Pinterest in a research note on Tuesday, May 5th. Finally, Wedbush dropped their price target on Pinterest from $30.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Sixteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.40.

Pinterest Company Profile

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.