Banque Transatlantique SA Acquires Shares of 15,885 Pinterest, Inc. $PINS

Key Points

• Banque Transatlantique SA invested approximately $455,000 in Pinterest, acquiring 15,885 shares in the first quarter.
• Recent hedge fund activity indicates growing interest in Pinterest, with 88.81% of the stock held by institutional investors.
• Pinterest reported $0.33 EPS for the previous quarter, lower than the expected $0.34, but achieved revenue of $998.23 million, surpassing forecasts.

Banque Transatlantique SA acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 15,885 shares of the company's stock, valued at approximately $455,000.

Other large investors also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC acquired a new position in Pinterest in the 1st quarter valued at about $25,000. Garde Capital Inc. acquired a new position in Pinterest in the 1st quarter valued at about $26,000. NBC Securities Inc. boosted its holdings in Pinterest by 99,900.0% in the 1st 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 acquired a new position in Pinterest in the 1st quarter valued at about $32,000. Finally, Golden State Wealth Management LLC boosted its holdings in Pinterest by 665.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after purchasing an additional 1,058 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $37.04, for a total value of $3,781,154.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $38.58, for a total transaction of $771,600.00. Following the completion of the sale, the chief technology officer directly owned 428,823 shares in the company, valued at approximately $16,543,991.34. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,088,005 shares of company stock valued at $39,009,156 in the last quarter. Corporate insiders own 7.06% of the company's stock.

Pinterest Stock Up 2.1%

Pinterest stock traded up $0.77 during mid-day trading on Friday, reaching $37.89. 8,399,867 shares of the company's stock were exchanged, compared to its average volume of 9,248,710. The company has a market cap of $25.77 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.59 and a beta of 0.77. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90. The company has a fifty day moving average of $36.66 and a 200-day moving average of $33.15.

Pinterest (NYSE:PINS - Get Free Report) last released 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 business 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%.Pinterest's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PINS shares. KeyCorp boosted their target price on shares of Pinterest from $40.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wells Fargo & Company set a $42.00 target price on shares of Pinterest and gave the company an "overweight" rating in a report on Tuesday, July 1st. Stifel Nicolaus boosted their target price on shares of Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a report on Friday, August 8th. Susquehanna restated a "positive" rating and issued a $42.00 price objective on shares of Pinterest in a report on Friday, August 8th. Finally, Benchmark upped their price objective on shares of Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.