Dorsey & Whitney Trust CO LLC Buys New Position in Pinterest, Inc. $PINS

Key Points

• Dorsey & Whitney Trust CO LLC has acquired a new stake in Pinterest, purchasing 9,634 shares valued at approximately $299,000 in the first quarter.
• Analysts have generally rated Pinterest positively, with 25 out of 30 analysts giving the stock a "Buy" rating and the average price target set at $42.40.
• Pinterest reported earnings of $0.33 EPS for the last quarter, slightly below the consensus estimation, alongside a revenue of $998.23 million, which exceeded analyst expectations.

Dorsey & Whitney Trust CO LLC bought a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 9,634 shares of the company's stock, valued at approximately $299,000.

Several other hedge funds have also recently bought and sold shares of PINS. Riverpark Capital Management LLC boosted its stake in Pinterest by 1.2% in the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock valued at $987,000 after acquiring an additional 377 shares in the last quarter. Redwood Investment Management LLC increased its stake in Pinterest by 3.2% in the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock valued at $463,000 after purchasing an additional 495 shares during the period. NorthRock Partners LLC increased its stake in Pinterest by 4.7% in the first quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock valued at $349,000 after purchasing an additional 502 shares during the period. Brooklyn Investment Group increased its stake in Pinterest by 8.9% in the first quarter. Brooklyn Investment Group now owns 6,743 shares of the company's stock valued at $209,000 after purchasing an additional 552 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Pinterest by 22.2% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 3,300 shares of the company's stock valued at $102,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 29,606 shares of Pinterest stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the completion of the transaction, the chief financial officer owned 362,890 shares of the company's stock, valued at $12,428,982.50. The trade was a 7.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest 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 transaction, the director directly owned 8,414 shares of the company's stock, valued at $279,428.94. This trade represents a 92.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 992,196 shares of company stock valued at $35,154,134 in the last ninety days. Corporate insiders own 7.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PINS. Wells Fargo & Company set a $42.00 price objective on shares of Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Stifel Nicolaus lifted their price objective on shares of Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Guggenheim restated a "buy" rating on shares of Pinterest in a research note on Monday, July 28th. Morgan Stanley upgraded shares of 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 note on Monday, July 21st. Finally, Monness Crespi & Hardt boosted their price target on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Pinterest has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Trading Up 0.5%

Shares of NYSE:PINS traded up $0.17 on Wednesday, reaching $36.23. 7,080,981 shares of the company were exchanged, compared to its average volume of 11,694,050. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The firm has a market cap of $24.63 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. The company has a 50-day moving average of $36.36 and a 200-day moving average of $33.28.

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 analysts' consensus estimates of $0.34 by ($0.01). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The company had revenue of $998.23 million for the quarter, compared to analyst estimates of $973.42 million. During the same period last year, the company earned $0.29 earnings per share. The business'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. As a group, analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

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.