First Hawaiian Bank Increases Stake in Pinterest, Inc. $PINS

Key Points

• First Hawaiian Bank increased its stake in Pinterest by 180.3% during the 1st quarter, owning 22,226 shares valued at approximately $689,000.
• Insider trading activity saw CTO Matthew Madrigal and Director Gokul Rajaram selling shares, with insiders collectively selling over 1 million shares worth $39 million in the last 90 days.
• Pinterest reported Q2 earnings of $0.33 EPS, missing estimates, but revenue increased by 16.9% year-over-year, signaling ongoing growth potential despite earnings misses.

First Hawaiian Bank grew its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 180.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,226 shares of the company's stock after acquiring an additional 14,296 shares during the quarter. First Hawaiian Bank's holdings in Pinterest were worth $689,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Anderson Financial Strategies LLC purchased a new position in Pinterest in the 1st quarter worth about $60,000. Strs Ohio purchased a new position in Pinterest in the 1st quarter worth about $15,035,000. Geneos Wealth Management Inc. increased its stake in Pinterest by 139.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,400 shares of the company's stock worth $105,000 after buying an additional 1,980 shares during the period. IFM Investors Pty Ltd increased its stake in Pinterest by 4.6% in the 1st quarter. IFM Investors Pty Ltd now owns 115,323 shares of the company's stock worth $3,575,000 after buying an additional 5,072 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new position in Pinterest in the 1st quarter worth about $2,945,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Activity at Pinterest

In related news, CTO Matthew Madrigal sold 20,000 shares of Pinterest stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $38.58, for a total value of $771,600.00. Following the completion of the sale, the chief technology officer directly owned 428,823 shares in the company, valued at $16,543,991.34. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total transaction of $40,250.00. Following the completion of the sale, the director owned 30,600 shares of the company's stock, valued at $1,071,000. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,088,005 shares of company stock valued at $39,037,739 over the last 90 days. Company insiders own 7.11% of the company's stock.

Pinterest Stock Up 0.2%

PINS stock opened at $35.04 on Monday. The firm has a 50 day moving average of $36.68 and a 200 day moving average of $33.08. The stock has a market capitalization of $23.82 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. TD Cowen raised their price target on shares of Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Stifel Nicolaus increased their target price on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Tuesday, September 2nd. Susquehanna reiterated a "positive" rating and set a $42.00 target price on shares of Pinterest in a report on Friday, August 8th. Finally, Wedbush increased their target price on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest 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.

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