Pinterest, Inc. $PINS Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in Pinterest by 31.9%, now holding approximately 2.16 million shares valued at $66.98 million, following the sale of over 1 million shares in the first quarter.
• Pinterest shares received a mix of ratings from analysts, with Stifel Nicolaus raising its price objective from $46 to $47 and Wall Street Zen downgrading it from a "buy" to a "hold" rating, reflecting varied investor sentiment.
• The company reported a 16.9% increase in quarterly revenue, totaling $998.23 million, though earnings per share slightly missed the consensus estimate, marking a challenging performance outlook.

Acadian Asset Management LLC cut its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 31.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,161,123 shares of the company's stock after selling 1,012,035 shares during the period. Acadian Asset Management LLC owned approximately 0.32% of Pinterest worth $66,975,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Amundi grew its holdings in shares of Pinterest by 618.9% in the first quarter. Amundi now owns 14,254,741 shares of the company's stock valued at $441,897,000 after purchasing an additional 12,271,958 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $988,662,000 after purchasing an additional 6,460,143 shares in the last quarter. Shapiro Capital Management LLC acquired a new position in shares of Pinterest in the fourth quarter valued at approximately $84,190,000. Pacer Advisors Inc. grew its holdings in shares of Pinterest by 4,673.9% in the first quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company's stock valued at $78,484,000 after purchasing an additional 2,478,708 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Pinterest by 12,207.2% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 2,023,062 shares of the company's stock valued at $58,669,000 after purchasing an additional 2,006,624 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on PINS shares. 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 report on Friday, August 8th. TD Cowen lifted their price objective on shares of Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Sanford C. Bernstein lifted their price target on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded shares of Pinterest from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, KeyCorp lifted their price target on shares of Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Insider Activity at Pinterest

In other news, CAO Andrea Acosta sold 3,759 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the sale, the chief accounting officer owned 157,402 shares in the company, valued at approximately $5,502,773.92. The trade was a 2.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Matthew Madrigal sold 20,000 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $38.58, for a total transaction of $771,600.00. Following the sale, the chief technology officer owned 428,823 shares of the company's stock, valued at $16,543,991.34. This represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 985,922 shares of company stock worth $35,455,647 over the last 90 days. 7.06% of the stock is owned by corporate insiders.

Pinterest Trading Down 3.3%

Shares of NYSE:PINS opened at $35.31 on Thursday. The company has a market capitalization of $24.00 billion, a PE ratio of 12.65, a P/E/G ratio of 1.53 and a beta of 0.77. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90. The firm has a 50 day simple moving average of $36.71 and a 200-day simple moving average of $33.15.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $998.23 million for the quarter, compared to analysts' expectations of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.

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