Pinterest (NYSE:PINS) CFO Sells $549,888.28 in Stock

Pinterest, Inc. (NYSE:PINS) CFO Julia Donnelly sold 29,548 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $18.61, for a total value of $549,888.28. Following the completion of the transaction, the chief financial officer owned 751,921 shares in the company, valued at approximately $13,993,249.81. This trade represents a 3.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Donnelly Julia Brau also recently made the following trade(s):

• On Friday, August 7th, Julia Donnelly sold 59,096 shares of Pinterest stock. The stock was sold at an average price of $23.48, for a total value of $1,387,574.08.

Pinterest Stock Up 0.1%

Shares of PINS opened at $18.92 on Monday. Pinterest, Inc. has a one year low of $13.84 and a one year high of $35.42. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 55.64, a PEG ratio of 1.24 and a beta of 0.90. The stock has a 50 day moving average price of $21.89 and a 200 day moving average price of $20.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping 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 the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.33 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts forecast that Pinterest, Inc. will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pinterest

Large investors have recently bought and sold shares of the business. CIBC Asset Management Inc lifted its holdings in shares of Pinterest by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock valued at $684,000 after buying an additional 560 shares during the period. Coyle Financial Counsel LLC grew its holdings in Pinterest by 5.9% during the fourth quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company’s stock worth $274,000 after acquiring an additional 587 shares during the period. Intech Investment Management LLC grew its holdings in Pinterest by 2.5% during the fourth quarter. Intech Investment Management LLC now owns 31,681 shares of the company’s stock worth $820,000 after acquiring an additional 779 shares during the period. Resona Asset Management Co. Ltd. raised its position in Pinterest by 0.5% in the first quarter. Resona Asset Management Co. Ltd. now owns 173,648 shares of the company’s stock worth $3,176,000 after acquiring an additional 785 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Pinterest by 2,017.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after acquiring an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Key Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Visual Search Ads expand monetization opportunities. Pinterest launched ads that appear in visual search results and Pin closeups, alongside expanded advertiser controls and app-promotion formats. The updates could increase ad inventory, improve shopping-related conversions and support revenue growth. Pinterest Rolls Out Visual Search Ads And Broad Ad Platform Updates
• Positive Sentiment: International monetization offers significant runway. Pinterest’s international user growth and rising average revenue per user are supporting monetization, while the gap with North American monetization levels leaves room for further improvement. AI personalization and shoppable content could help drive longer-term advertising growth. PINS Rides on Growing International Monetization
• Positive Sentiment: Fundamentals and analyst targets provide support. Pinterest’s latest quarterly revenue rose 18.2% year over year to $1.18 billion, while earnings exceeded expectations. The average analyst price target is $27.90, materially above recent trading levels, although the consensus rating remains Hold.
• Neutral Sentiment: Market movement has offered a relative boost. Pinterest and Snap recently edged higher while Meta Platforms declined amid profit-taking. This suggests some sector rotation toward other social-media and digital-advertising names, but it does not represent a company-specific change in Pinterest’s outlook. Meta Slides as Pinterest and Snap Inch Higher
• Negative Sentiment: Multiple insiders have sold shares. CFO Julia Donnelly sold 29,548 shares, while Chief Legal Officer Wanjiku Walcott sold 14,103 shares. Director Benjamin Silbermann also continued a series of share sales. All reported transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their value as a signal of deteriorating business conditions, but the selling may still weigh on investor sentiment.
• Negative Sentiment: Valuation and execution risks remain. Pinterest trades at a relatively high earnings multiple despite a net margin of 5.46%. Investors will likely watch whether international growth and increased advertising investment can continue without pressuring margins.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on Pinterest from $23.00 to $25.00 and gave the company a “sector perform” rating in a report 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. Robert W. Baird increased their target price on shares of Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Wells Fargo & Company raised their price target on shares of Pinterest from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Susquehanna restated a “positive” rating on shares of Pinterest in a research note on Wednesday, August 5th. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $27.90.

About Pinterest

Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.