Ilmarinen Mutual Pension Insurance Co Takes $2.95 Million Position in Pinterest, Inc. $PINS

Key Points

• Ilmarinen Mutual Pension Insurance Co has acquired a new position in Pinterest, purchasing 95,000 shares valued at approximately $2.95 million during the first quarter.
• Insider transactions revealed significant sales from company executives, including Director Benjamin Silbermann, who sold over 102,000 shares, representing a 92.39% decrease in his ownership.
• Analysts have a positive outlook on Pinterest, with 25 research firms rating the stock as a "buy" and raising price targets, suggesting confidence in its future performance.

Ilmarinen Mutual Pension Insurance Co acquired a new position in Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 95,000 shares of the company's stock, valued at approximately $2,945,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC acquired a new position in Pinterest during the 1st quarter worth about $25,000. Garde Capital Inc. bought a new position in shares of Pinterest during the first quarter worth about $26,000. NBC Securities Inc. lifted its stake in shares of Pinterest by 99,900.0% in the first 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 period. American National Bank & Trust bought a new stake in Pinterest in the first quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC boosted its holdings in Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after acquiring an additional 1,058 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $34.82, for a total transaction of $3,554,530.06. Following the completion of the sale, the director directly owned 8,414 shares of the company's stock, valued at $292,975.48. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Donnelly Julia Brau sold 29,606 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were 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 directly owned 362,890 shares in the company, valued at approximately $12,428,982.50. The trade was a 7.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 985,922 shares of company stock valued at $35,455,647 over the last quarter. Corporate insiders own 7.06% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group raised their price target on shares of Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Wedbush lifted their target price on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Guggenheim reaffirmed a "buy" rating on shares of Pinterest in a research report on Tuesday, September 2nd. Piper Sandler set a $40.00 price target on Pinterest in a report on Friday, August 8th. Finally, Citigroup reissued a "buy" rating and issued a $50.00 price objective (up from $44.00) on shares of Pinterest in a research note 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 stock. According to MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and an average target price of $42.40.

Pinterest Trading Down 3.3%

Shares of NYSE PINS opened at $35.31 on Thursday. The firm has a market capitalization of $24.00 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.53 and a beta of 0.77. The firm's 50-day moving average price is $36.71 and its 200-day moving average price is $33.15. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last issued 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). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The business's quarterly revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Pinterest, Inc. will post 0.6 EPS 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.

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