Canada Pension Plan Investment Board Sells 179,990 Shares of Pinterest, Inc. $PINS

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in Pinterest, Inc. by 25.9%, selling 179,990 shares in the first quarter and now holds 513,785 shares valued at approximately $15.9 million.
• Recent analyst ratings indicate a positive outlook for Pinterest, with multiple firms raising their target prices; Benchmark has increased its target from $45 to $48, maintaining a "buy" rating.
• Pinterest reported a revenue growth of 16.9% year-over-year for the last quarter, although it missed earnings expectations by $0.01 with an EPS of $0.33.

Canada Pension Plan Investment Board trimmed its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 25.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 513,785 shares of the company's stock after selling 179,990 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.08% of Pinterest worth $15,927,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Pinterest in the 1st quarter worth $25,000. Garde Capital Inc. acquired a new position in shares of Pinterest in the 1st quarter worth $26,000. NBC Securities Inc. grew its holdings in shares of Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after acquiring an additional 999 shares during the last quarter. American National Bank & Trust acquired a new position in shares of Pinterest in the 1st quarter worth $32,000. Finally, Golden State Wealth Management LLC boosted 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 buying an additional 1,058 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Price Performance

Shares of PINS traded up $0.77 on Friday, hitting $37.89. The company's stock had a trading volume of 8,399,867 shares, compared to its average volume of 9,248,710. The company has a market capitalization of $25.77 billion, a PE ratio of 13.58, a PEG ratio of 1.55 and a beta of 0.77. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The company has a 50 day moving average price of $36.66 and a 200 day moving average price of $33.19.

Pinterest (NYSE:PINS - Get Free Report) last announced its 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 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 analyst estimates of $973.42 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm's revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley raised 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 report on Monday, July 21st. KeyCorp lifted their price objective on Pinterest from $40.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Cowen reissued a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Wall Street Zen raised Pinterest from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Bank of America boosted their price target on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $42.40.

Insider Transactions at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $37.95, for a total value of $3,874,049.85. Following the transaction, the director owned 8,414 shares of the company's stock, valued at $319,311.30. This represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 1,088,005 shares of company stock worth $39,009,156. 7.06% of the stock is currently owned by corporate insiders.

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.