Resolute Capital Asset Partners LLC Takes $2.48 Million Position in Pinterest, Inc. $PINS

Key Points

• Resolute Capital Asset Partners LLC acquired an $2.48 million stake in Pinterest, Inc., purchasing 80,000 shares, which represents about 1.4% of their investment portfolio.
• Insider activity has seen notable sales, with Director Gokul Rajaram selling 1,150 shares and CTO Matthew Madrigal selling 20,000 shares, reflecting a decrease in their ownership positions.
• Pinterest's stock recently gained 2.0%, while the company reported Q2 earnings of $0.33 per share, falling short of analyst estimates by $0.01.

Resolute Capital Asset Partners LLC acquired a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,000 shares of the company's stock, valued at approximately $2,480,000. Pinterest accounts for about 1.4% of Resolute Capital Asset Partners LLC's investment portfolio, making the stock its 24th biggest position.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of Pinterest by 73.9% in the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock valued at $2,760,000 after purchasing an additional 37,829 shares during the period. Sequoia Financial Advisors LLC bought a new position in Pinterest during the first quarter worth about $235,000. Concurrent Investment Advisors LLC bought a new position in Pinterest during the first quarter worth about $261,000. Wealth Enhancement Advisory Services LLC increased its position in Pinterest by 21.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after acquiring an additional 19,552 shares during the period. Finally, Revolve Wealth Partners LLC bought a new position in Pinterest during the fourth quarter worth about $252,000. 88.81% of the stock is owned by institutional investors.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total value of $40,250.00. Following the sale, the director directly owned 30,600 shares in the company, valued at approximately $1,071,000. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Matthew Madrigal sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $38.58, for a total transaction of $771,600.00. Following the completion of the sale, the chief technology officer owned 428,823 shares in the company, valued at approximately $16,543,991.34. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,090,520 shares of company stock valued at $38,235,271. 7.06% of the stock is currently owned by company insiders.

Pinterest Stock Up 2.0%

Shares of Pinterest stock opened at $35.5650 on Friday. The company has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.40 and a beta of 0.78. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The firm's 50-day moving average price is $36.32 and its two-hundred day moving average price is $33.29.

Pinterest (NYSE:PINS - Get Free Report) last announced 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 return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million for the quarter, compared to analyst estimates of $973.42 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The company's quarterly revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

PINS has been the topic of a number of recent research reports. Benchmark raised their price target on shares of Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Stifel Nicolaus raised their price target on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Morgan Stanley upgraded shares of Pinterest from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $37.00 to $45.00 in a research note on Monday, July 21st. Finally, Guggenheim reiterated a "buy" rating on shares of Pinterest in a research note on Monday, July 28th. Twenty-five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Pinterest has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest 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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