AG2R LA Mondiale Gestion D Actifs Takes Position in Pinterest, Inc. $PINS

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 28,841 shares of Pinterest, Inc. (NYSE:PINS) during the first quarter, with a total investment amounting to approximately $897,000.
• Insiders sold a significant amount of shares, including Director Benjamin Silbermann, who sold 102,083 shares, representing a 92.39% decrease in ownership.
• Wall Street analysts have mixed ratings for Pinterest, with 25 analysts rating it as a Buy, while others, like Wall Street Zen, downgraded its rating to Hold.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,841 shares of the company's stock, valued at approximately $897,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverpark Capital Management LLC grew its stake in Pinterest by 1.2% in the 1st quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock valued at $987,000 after acquiring an additional 377 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Pinterest by 18.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company's stock valued at $96,000 after purchasing an additional 476 shares in the last quarter. NorthRock Partners LLC lifted its holdings in Pinterest by 4.7% in the 1st quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock valued at $349,000 after purchasing an additional 502 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Pinterest by 8.9% during the 1st quarter. Brooklyn Investment Group now owns 6,743 shares of the company's stock worth $209,000 after acquiring an additional 552 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in shares of Pinterest by 22.2% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 3,300 shares of the company's stock worth $102,000 after acquiring an additional 600 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Andrea Acosta sold 3,759 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $34.96, for a total value of $131,414.64. Following the completion of the transaction, the chief accounting officer directly owned 157,402 shares of the company's stock, valued at $5,502,773.92. This trade represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Matthew Madrigal sold 20,000 shares of the firm's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,088,005 shares of company stock worth $39,037,739 over the last ninety days. Company insiders own 7.11% of the company's stock.

Analyst Upgrades and Downgrades

PINS has been the topic of several research reports. Citigroup restated a "buy" rating and issued a $50.00 price target (up previously from $44.00) on shares of Pinterest in a report on Friday, August 8th. UBS Group raised their price target on shares of Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Benchmark lifted their price objective on shares of Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Bank of America lifted their price objective on shares of Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Morgan Stanley upgraded shares of Pinterest from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $37.00 to $45.00 in a research note on Monday, July 21st. Twenty-five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Pinterest currently has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Stock Performance

NYSE:PINS remained flat at $36.26 on Tuesday. The company's stock had a trading volume of 7,077,655 shares, compared to its average volume of 8,155,330. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The firm's 50-day simple moving average is $36.70 and its 200-day simple moving average is $33.09. The firm has a market capitalization of $24.65 billion, a P/E ratio of 13.00, a PEG ratio of 1.52 and a beta of 0.77.

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

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.