Sender Co & Partners Inc. Buys Shares of 18,245 Pinterest, Inc. $PINS

Key Points

• Sender Co & Partners Inc. acquired 18,245 shares of Pinterest, valued at approximately $566,000, as disclosed in a recent SEC filing.
• Insider selling includes Director Gokul Rajaram, who sold 1,150 shares for around $40,250, and CTO Matthew Madrigal, who sold 20,000 shares for approximately $771,600.
• Pinterest's stock is currently trading at $37.89, with a market capitalization of $25.77 billion, and its analysts' consensus rating is a "Moderate Buy".

Sender Co & Partners Inc. purchased a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,245 shares of the company's stock, valued at approximately $566,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. purchased a new position in shares of Pinterest in the 1st quarter valued at $26,000. NBC Securities Inc. raised its stake in Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after acquiring an additional 999 shares in the last quarter. American National Bank & Trust purchased a new stake in Pinterest in the first quarter valued at $32,000. Finally, Golden State Wealth Management LLC lifted its position in Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after acquiring an additional 1,058 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $34.82, for a total value of $3,554,530.06. Following the completion of the sale, the director owned 8,414 shares in the company, valued at $292,975.48. This trade represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Donnelly Julia Brau sold 29,606 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total value 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. The trade was a 7.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 985,922 shares of company stock valued at $35,455,647 over the last three months. 7.06% of the stock is currently owned by corporate insiders.

Pinterest Stock Down 3.3%

Shares of NYSE PINS traded down $1.20 during mid-day trading on Wednesday, hitting $35.31. 16,397,539 shares of the company were exchanged, compared to its average volume of 7,832,587. The stock has a 50 day simple moving average of $36.71 and a 200-day simple moving average of $33.15. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 68.87, a price-to-earnings-growth ratio of 1.53 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million for the quarter, compared to analysts' expectations of $973.42 million. During the same quarter in the previous year, the company posted $0.29 EPS. The firm's quarterly revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen lowered Pinterest from a "buy" rating to a "hold" rating in a report on Sunday. Benchmark raised their price target on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Cowen reaffirmed a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Morgan Stanley upgraded Pinterest from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $37.00 to $45.00 in a research note on Monday, July 21st. Finally, Stifel Nicolaus raised their target price on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.40.

About Pinterest

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.