Caisse DE Depot ET Placement DU Quebec Purchases 485,184 Shares of Pinterest, Inc. $PINS

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Pinterest, Inc. by 21.9%, acquiring an additional 485,184 shares and now holding approximately 2.7 million shares valued at $83.6 million.
• Numerous analysts have upgraded Pinterest with price targets now reaching up to $43.00, indicating a strong positive outlook with a consensus rating of "Moderate Buy."
• Company insider, Director Benjamin Silbermann, sold over 102,000 shares, representing a 92.39% decrease in his ownership, amidst a broader trend of insiders selling a total of over 1 million shares recently.

Caisse DE Depot ET Placement DU Quebec increased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 21.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,696,340 shares of the company's stock after purchasing an additional 485,184 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.40% of Pinterest worth $83,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Pinterest by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock valued at $1,798,270,000 after purchasing an additional 1,263,863 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Pinterest by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock valued at $988,662,000 after purchasing an additional 6,460,143 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Pinterest by 13.7% in the 1st quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company's stock valued at $480,452,000 after purchasing an additional 1,862,654 shares during the period. Ninety One UK Ltd lifted its stake in shares of Pinterest by 10.2% in the 1st quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock valued at $186,848,000 after purchasing an additional 555,742 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Pinterest by 3.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,793,534 shares of the company's stock valued at $179,600,000 after purchasing an additional 205,879 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total value of $3,390,176.43. Following the completion of the transaction, the director owned 8,414 shares in the company, valued at $279,428.94. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 1,094,279 shares of company stock valued at $38,832,184 in the last three months. 7.06% of the stock is owned by insiders.

Pinterest Stock Performance

Shares of PINS stock traded up $0.61 during mid-day trading on Thursday, hitting $36.77. The company's stock had a trading volume of 6,007,596 shares, compared to its average volume of 11,976,228. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The business has a 50-day moving average price of $36.43 and a 200 day moving average price of $33.28. The stock has a market cap of $25.00 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.45 and a beta of 0.78.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly 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). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The business had revenue of $998.23 million during the quarter, compared to analysts' expectations of $973.42 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm's revenue for the quarter was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on PINS. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. BMO Capital Markets reduced their price objective on Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. KeyCorp boosted their target price on Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. UBS Group raised their price target on Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Piper Sandler set a $40.00 price target on Pinterest in a research report on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average 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.