Pinterest, Inc. $PINS Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Pinterest, Inc. by 1.4%, holding 4,088,757 shares valued at approximately $126.75 million after selling 56,129 shares in the first quarter.
• Insider Benjamin Silbermann sold a significant number of shares, totaling 102,083, resulting in a 92.39% decrease in his position, amidst overall insider selling of over 1 million shares worth $38.23 million in the last three months.
• Pinterest's stock recently saw a slight increase of 2.0% and reported mixed quarterly earnings, missing EPS estimates while exceeding revenue expectations; analysts maintain a generally positive outlook with most ratings being "buy" or "outperform."

Northern Trust Corp reduced its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,088,757 shares of the company's stock after selling 56,129 shares during the period. Northern Trust Corp owned about 0.60% of Pinterest worth $126,751,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Riverpark Capital Management LLC raised its holdings in Pinterest by 1.2% in the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock valued at $987,000 after acquiring an additional 377 shares in the last quarter. Redwood Investment Management LLC raised its holdings in Pinterest by 3.2% in the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock valued at $463,000 after acquiring an additional 495 shares in the last quarter. NorthRock Partners LLC raised its holdings in Pinterest by 4.7% in the first quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock valued at $349,000 after acquiring an additional 502 shares in the last quarter. Brooklyn Investment Group raised its holdings in Pinterest by 8.9% in the first quarter. Brooklyn Investment Group now owns 6,743 shares of the company's stock valued at $209,000 after acquiring an additional 552 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in Pinterest by 22.2% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 3,300 shares of the company's stock valued at $102,000 after acquiring an additional 600 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $33.21, for a total transaction of $3,390,176.43. Following the completion of the transaction, the director owned 8,414 shares in the company, valued at approximately $279,428.94. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 1,090,520 shares of company stock worth $38,235,271. Company insiders own 7.06% of the company's stock.

Pinterest Stock Up 2.0%

Shares of PINS opened at $35.5650 on Friday. The firm has a 50-day moving average price of $36.32 and a 200 day moving average price of $33.29. The firm has a market capitalization of $24.18 billion, a PE ratio of 12.75, a P/E/G ratio of 1.40 and a beta of 0.78. 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 announced 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 the consensus estimate of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PINS shares. Citigroup reaffirmed a "buy" rating and issued a $50.00 price target (up from $44.00) on shares of Pinterest in a report on Friday, August 8th. Bank of America increased their target price on shares of Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, August 8th. 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. Piper Sandler set a $40.00 target price on shares of Pinterest in a report on Friday, August 8th. Finally, Wall Street Zen cut shares of Pinterest from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Twenty-five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Pinterest presently has a consensus rating of "Moderate Buy" and an average price target of $42.40.

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.

Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc. (NYSE:PINS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.