Bayforest Capital Ltd Buys 7,430 Shares of Pinterest, Inc. $PINS

Key Points

• Bayforest Capital Ltd increased its stake in Pinterest, Inc. by 358.9%, now holding 9,500 shares worth approximately $294,000 after purchasing an additional 7,430 shares.
• Several other institutional investors have also shown interest, with notable purchases from firms like Bartlett & CO. Wealth Management and Golden State Wealth Management, indicating a growing institutional interest in Pinterest.
• Insider selling included Director Benjamin Silbermann offloading over 102,000 shares valued at about $3.78 million, highlighting notable activity among company executives amidst rising stock interest.

Bayforest Capital Ltd raised its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 358.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,500 shares of the company's stock after buying an additional 7,430 shares during the quarter. Bayforest Capital Ltd's holdings in Pinterest were worth $294,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Pinterest in the first quarter worth $25,000. Garde Capital Inc. bought a new stake in shares of Pinterest in the first quarter worth $26,000. NBC Securities Inc. lifted its position in shares of Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust bought a new stake in shares of Pinterest in the first quarter worth $32,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Pinterest by 665.4% in the first 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 in the last quarter. Institutional investors own 88.81% of the company's stock.

Insider Activity

In related news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $37.04, for a total transaction of $3,781,154.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total transaction of $40,250.00. Following the sale, the director directly owned 30,600 shares of the company's stock, valued at $1,071,000. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 985,922 shares of company stock worth $35,455,647. 7.06% of the stock is owned by company insiders.

Pinterest Price Performance

NYSE:PINS opened at $35.31 on Thursday. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The company has a market cap of $24.00 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.53 and a beta of 0.77. The firm's fifty day moving average price is $36.71 and its two-hundred day moving average price is $33.15.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PINS. Piper Sandler set a $40.00 price objective on shares of Pinterest in a research report on Friday, August 8th. Citigroup restated a "buy" rating and set a $50.00 target price (up from $44.00) on shares of Pinterest in a report on Friday, August 8th. Monness Crespi & Hardt boosted their target price on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Oppenheimer restated an "outperform" rating on shares of Pinterest in a report on Friday, August 8th. Finally, TD Cowen boosted their target price on shares of Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Twenty-five research 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 a consensus rating of "Moderate Buy" and a consensus target price 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.

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