221,900 Shares in Pinterest, Inc. $PINS Bought by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. acquired 221,900 shares of Pinterest, Inc. valued at approximately $7.96 million in the second quarter, reflecting growing interest from institutional investors.
• Insiders, including CTO Matthew Madrigal and Director Benjamin Silbermann, have recently sold significant numbers of shares, indicating potential shifts in ownership and confidence levels.
• Pinterest reported a revenue increase of 16.9% year-over-year for the quarter, although it missed earnings per share expectations, highlighting mixed performance amidst robust growth metrics.

Mn Services Vermogensbeheer B.V. bought a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 221,900 shares of the company's stock, valued at approximately $7,957,000.

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

Insiders Place Their Bets

In other news, CTO Matthew Madrigal sold 20,000 shares of Pinterest stock in a transaction on Monday, July 21st. The stock was sold at an average price of $38.58, for a total value of $771,600.00. Following the completion of the sale, the chief technology officer directly owned 428,823 shares of the company's stock, valued at approximately $16,543,991.34. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $36.66, for a total value of $3,742,362.78. The disclosure for this sale can be found here. Insiders have sold 1,088,005 shares of company stock valued at $39,225,572 in the last 90 days. Insiders own 7.06% of the company's stock.

Pinterest Stock Performance

Shares of Pinterest stock opened at $35.84 on Friday. The firm has a market cap of $24.37 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.52 and a beta of 0.77. The firm's 50-day simple moving average is $36.73 and its 200-day simple moving average is $33.13. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America increased their price objective on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Sanford C. Bernstein increased their price target on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Benchmark raised their price target on shares of Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wedbush upped their price objective on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Piper Sandler set a $40.00 target price on shares of Pinterest in a research report on Friday, August 8th. Twenty-five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.

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