Night Squared LP Purchases Shares of 18,591 Pinterest, Inc. $PINS

Key Points

• Night Squared LP has purchased a new stake in Pinterest, investing approximately $576,000 for 18,591 shares in the company during the first quarter.
• Insider trading activity includes Director Benjamin Silbermann selling over 102,000 shares worth $3.39 million, significantly reducing his stake in Pinterest.
• Analysts are optimistic, with a consensus rating of "Moderate Buy" and an average price target of $42.40, indicating potential growth for Pinterest's stock.

Night Squared LP purchased a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,591 shares of the company's stock, valued at approximately $576,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PINS. Vanguard Group Inc. grew its position in Pinterest by 2.2% in the first quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock worth $1,798,270,000 after acquiring an additional 1,263,863 shares during the period. Price T Rowe Associates Inc. MD grew its position in Pinterest by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock worth $988,662,000 after acquiring an additional 6,460,143 shares during the period. Ameriprise Financial Inc. grew its position in Pinterest by 13.7% in the first quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company's stock worth $480,452,000 after acquiring an additional 1,862,654 shares during the period. Ninety One UK Ltd grew its position in Pinterest by 10.2% in the first quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock worth $186,848,000 after acquiring an additional 555,742 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Pinterest by 3.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,793,534 shares of the company's stock worth $179,600,000 after acquiring an additional 205,879 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Insiders Place Their Bets

In other Pinterest news, CFO Donnelly Julia Brau sold 29,606 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total value of $1,014,005.50. Following the sale, the chief financial officer directly owned 362,890 shares in the company, valued at $12,428,982.50. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $36.01, for a total value of $3,676,008.83. Following the completion of the sale, the director owned 8,414 shares in the company, valued at approximately $302,988.14. This represents a 92.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 992,196 shares of company stock valued at $35,442,008. 7.11% of the stock is currently owned by company insiders.

Pinterest Trading Up 0.0%

NYSE:PINS traded up $0.01 during midday trading on Thursday, reaching $37.13. The company had a trading volume of 2,744,467 shares, compared to its average volume of 11,507,635. The firm has a market capitalization of $25.25 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.47 and a beta of 0.77. The stock's fifty day simple moving average is $36.59 and its 200-day simple moving average is $33.21. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results 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). The company had revenue of $998.23 million during the quarter, compared to analysts' expectations of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PINS shares. Bank of America increased their price objective on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Wedbush increased their price objective on Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Monness Crespi & Hardt raised their price target on Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Oppenheimer restated an "outperform" rating on shares of Pinterest in a research report on Friday, August 8th. Finally, Sanford C. Bernstein raised their price target on Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. 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 an average rating of "Moderate Buy" and a consensus price target of $42.40.

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.