LGT Fund Management Co Ltd. Buys Shares of 11,191 Pinterest, Inc. $PINS

Key Points

• LGT Fund Management Co Ltd. acquired 11,191 shares of Pinterest, Inc. for approximately $401,000 during the second quarter, reflecting growing interest from institutional investors.
• Insider trading reports indicate significant sales, with the CAO selling 3,759 shares and a director offloading 102,083 shares, totaling over $34 million in insider sales over the past 90 days.
• Wall Street analysts are optimistic, with several firms raising their price targets for Pinterest stock to between $40.00 and $44.00, and a consensus rating of "Moderate Buy."

LGT Fund Management Co Ltd. purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,191 shares of the company's stock, valued at approximately $401,000.

Other hedge funds also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Pinterest during the 1st quarter valued at $25,000. Garde Capital Inc. acquired a new position in shares of Pinterest during the 1st quarter valued at $26,000. NBC Securities Inc. increased its position in shares of Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after purchasing an additional 999 shares during the period. West Branch Capital LLC acquired a new position in shares of Pinterest during the 2nd quarter valued at $36,000. Finally, Golden State Wealth Management LLC increased its position in shares of Pinterest by 665.4% during the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after purchasing an additional 1,058 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Andrea Acosta sold 3,759 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the transaction, the chief accounting officer owned 157,402 shares of the company's stock, valued at approximately $5,502,773.92. The trade was a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total value of $3,558,613.38. The disclosure for this sale can be found here. Insiders sold 967,635 shares of company stock worth $34,866,344 over the last ninety days. 7.06% of the stock is currently owned by corporate insiders.

Pinterest Stock Up 0.0%

Shares of Pinterest stock opened at $31.91 on Friday. The stock has a market cap of $21.70 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.34 and a beta of 0.81. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The business has a fifty day simple moving average of $35.94 and a 200-day simple moving average of $33.16.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share (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 for the quarter, compared to analyst estimates of $973.42 million. During the same period in the previous year, the business posted $0.29 EPS. Pinterest's revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PINS shares. Piper Sandler set a $40.00 price target on Pinterest in a research report on Friday, August 8th. Barclays raised their price objective on Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Guggenheim reissued a "buy" rating on shares of Pinterest in a research note on Tuesday, September 2nd. Wedbush raised their price objective on Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Bank of America raised their price objective on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.63.

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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