Bright Rock Capital Management LLC Makes New Investment in Pinterest, Inc. $PINS

Key Points

• Bright Rock Capital Management LLC purchased a total of 74,000 shares of Pinterest, Inc., valued at approximately $2.65 million, during the second quarter.
• Multiple institutional investors, including Vanguard and Price T Rowe Associates, also increased their stakes in Pinterest, contributing to a total of 88.81% institutional ownership of the company's stock.
• Pinterest reported $0.33 earnings per share in its latest quarterly results, missing estimates, but its revenue rose to $998.23 million, exceeding forecasts.

Bright Rock Capital Management LLC bought a new position in Pinterest, Inc. (NYSE:PINS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 74,000 shares of the company's stock, valued at approximately $2,654,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in Pinterest by 73.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock valued at $2,760,000 after purchasing an additional 37,829 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Pinterest during the 1st quarter worth approximately $235,000. Concurrent Investment Advisors LLC bought a new stake in Pinterest during the 1st quarter worth approximately $261,000. Wealth Enhancement Advisory Services LLC raised its stake in Pinterest by 21.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after acquiring an additional 19,552 shares during the period. Finally, Strs Ohio bought a new stake in shares of Pinterest during the first quarter valued at approximately $15,035,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pinterest

In other Pinterest news, CTO Matthew Madrigal sold 20,000 shares of the company's stock in a transaction that occurred 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 sale, the chief technology officer owned 428,823 shares in the company, valued at approximately $16,543,991.34. This represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total value of $40,250.00. Following the completion of the sale, the director owned 30,600 shares in the company, valued at approximately $1,071,000. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,088,005 shares of company stock worth $39,225,572 in the last ninety days. Corporate insiders own 7.06% of the company's stock.

Pinterest Stock Down 0.4%

Shares of PINS traded down $0.15 during mid-day trading on Monday, hitting $35.67. 2,917,757 shares of the company traded hands, compared to its average volume of 11,436,925. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The company has a market capitalization of $24.25 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.50 and a beta of 0.77. The business has a 50 day moving average of $36.73 and a 200 day moving average of $33.09.

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

Wall Street Analyst Weigh In

PINS has been the subject of a number of recent research reports. Morgan Stanley raised shares of Pinterest from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $37.00 to $45.00 in a report on Monday, July 21st. Susquehanna reaffirmed a "positive" rating and set a $42.00 price objective on shares of Pinterest in a research note on Friday, August 8th. Cowen reaffirmed a "buy" rating on shares of Pinterest in a research note on Friday, August 8th. Citigroup reiterated a "buy" rating and set a $50.00 target price (up from $44.00) on shares of Pinterest in a research report on Friday, August 8th. Finally, Sanford C. Bernstein lifted their target price on Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Pinterest has a consensus rating of "Moderate Buy" and an average 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.